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Premium and Luxury Cars in the United Kingdom

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    Report

  • 22 Pages
  • October 2023
  • Region: United Kingdom
  • Euromonitor International
  • ID: 5004074
Value sales of premium and luxury cars rose by 4% to total GBP25.7 billion in 2023, due to demand from high-income consumers, who proved to be steadfast despite macroeconomic headwinds. Demand for premium and luxury cars is contingent on wealth, and prevailing consumer confidence amongst a targeted, niche demographic has a significant impact on sales.

The Premium and Luxury Cars in United Kingdom report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2027 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Premium and Luxury Cars market
  • Pinpoint growth sectors and identify factors driving change
  • Understand the competitive environment, the market’s major players and leading brands
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

PREMIUM AND LUXURY CARS IN THE UNITED KINGDOMKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Premium and luxury cars sees rising current retail value sales in 2023
  • Number of premium and luxury cars declining
  • Premium and luxury cars is led by BMW (UK) Ltd in 2022
PROSPECTS AND OPPORTUNITIES
  • Value sales of premium and luxury cars forecast to rise over 2023-2028
  • Online sales look set to increase
  • Electric cars to become more prominent
CATEGORY DATA
  • Table 1 Sales of Premium and Luxury Cars: Value 2018-2023
  • Table 2 Sales of Premium and Luxury Cars by Category: % Value Growth 2018-2023
  • Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2018-2023
  • Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2019-2023
  • Table 5 Forecast Sales of Premium and Luxury Cars: Value 2023-2028
  • Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2023-2028
LUXURY GOODS IN THE UNITED KINGDOM
EXECUTIVE SUMMARY
  • Luxury goods in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?
MARKET DATA
  • Table 7 Sales of Luxury Goods by Category: Value 2018-2023
  • Table 8 Sales of Luxury Goods by Category: % Value Growth 2018-2023
  • Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
  • Table 10 NBO Company Shares of Luxury Goods: % Value 2018-2022
  • Table 11 LBN Brand Shares of Luxury Goods: % Value 2019-2022
  • Table 12 Distribution of Luxury Goods by Format and Category: % Value 2023
  • Table 13 Forecast Sales of Luxury Goods by Category: Value 2023-2028
  • Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources