The outlook is still favourable for retail current value sales of premium and luxury cars in France over the coming five years, although further double-digit growth could be unlikely. First, demand is expected to continue thanks to the expected progression of the upper-classes and number of millionaires.
However, following a trend that was detected in the overall car industry, but also in premium and luxury cars from May 2024, there could be a slowdown in sales of electric and hybrid high-end cars in 2024-2025, according to more pessimistic experts. There could first be a disaffection for hybrid cars, including high-end vehicles.
Following a movement that started a few years ago, the purchase of collectable high-end cars is becoming more popular in France – a country in which the proportion of second-hand products is above-average due to the rising number of eco-sensitive consumers. Experts predict such drastic price increases for standard cars that they expect this category to begin to get closer to the first accessible prices of the upscale/luxury level.
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Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in France 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 France, 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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