Retail sales of premium and luxury cars are projected to increase at a current value CAGR of 1% (-1% 2024 constant value CAGR) over 2024-2029 to total CNY2.0 trillion.
Rising online sales are expected within premium and luxury cars in China over the forecast period.
Electric cars will rise in importance within premium and luxury cars over the forecast period. China is taking over the world in sales of luxury electric vehicles EVs, thanks to strong government stimulus, technological improvement and a shift in consumer preference.
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Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium and Luxury Cars industry in China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Passenger car vehicles providing exceptional comfort, aimed at the premium market and at drivers wanting a higher level of performance and handling or a vehicle that gives the impression of being capable of high-speed motoring. These cars are generally designed to appeal to high earning, status led consumers and generally retail at US$75,000 plus Example models include: Aston Martin, Ferrari, Jaguar, Bentley, Porsche, McLaren, Maserati, Rolls-Royce and Tesla
See All of Our DefinitionsThis report originates from Passport, our Premium and Luxury Cars research and analysis database.
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