The expanding network of electric vehicle (EV) charging stations in retail establishments across the Philippines plays a crucial role in enhancing the appeal of EVs among consumers. For example, major luxury shopping malls such as SM Aura Premier and One Bonifacio High Street are providing electric charging stations for visiting consumers to charge their luxury electric cars.
In the Philippines, SUVs and crossovers are forecast to be one of the top subcategories for the luxury car market, due to their practicality and adaptability to local driving conditions. Insights gathered from interviews show that local consumers favour these vehicles for their higher ground clearance and robust build, making them suitable for navigating the country’s challenging road conditions, including potholes and floods.
The growth of luxury car clubs in the Philippines has significantly enhanced demand and engagement with luxury car brands. As these clubs expand, they create vibrant communities which celebrate high-performance vehicles and also drive interest in luxury brands.
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Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in Philippines 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 Philippines, 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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