Electric vehicles are expected to continue to grow in popularity over the forecast period, with some car brands, such as Volvo, citing their aim to sell only electric vehicles by 2030. Within this, Polestar, Swedish electric cars produced by Volvo Cars, expects launches of new luxury SUVs in 2025.
Sales of new luxury cars are expected to outperform used car sales over the forecast period. This is in line with the trend noted, whereby used car sales used to be stronger but have since declined in preference for new models.
Over the forecast period, online sales of premium and luxury cars are expected to climb in Sweden. More manufacturers, including Mercedez-Benz and Volvo, are likely to invest in new online activities and developments, which change the way consumers shop for cars online.
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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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