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Premium and Luxury Cars in the Philippines

  • ID: 5004075
  • Report
  • January 2020
  • Region: Philippines
  • 5 pages
  • Euromonitor International
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Luxury cars saw a recovery in 2019, following the significant drop seen the previous year. Sales of luxury cars saw growth due to the decline in the higher excise taxes on automobiles brought about by the Tax Reform for Acceleration and Inclusion (TRAIN) law, which was enacted in January 2018. Moreover, the Department of Finance argues that price increases for cars will be offset by lower personal income taxes under the tax reform programme.

The Premium and Luxury Cars in Philippines 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 2024 illustrate how the market is set to change

Product coverage: Luxury Goods.

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.
Note: Product cover images may vary from those shown
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  • Premium and Luxury Cars in the Philippines
  • February 2020
List of Contents and Tables
  • Headlines
  • Prospects
  • Luxury car category recovers following impact of tax changes implemented towards end of review period
  • Illegal vehicles destroyed in government crackdown
  • Increased sales of luxury cars expected as illegal vehicles are taken out of the loop
  • Competitive Landscape
  • Asian Carmakers Corp increases lead
  • Mercedes-Benz encourages young professionals to trade up with competitive finance options
  • New entrants expected due to increasing demand
  • Category Data
  • Table 1 Sales of Premium and Luxury Cars: Value 2014-2019
  • Table 2 Sales of Premium and Luxury Cars: % Value Growth 2014-2019
  • Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2014-2018
  • Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2015-2018
  • Table 5 Forecast Sales of Premium and Luxury Cars: Value 2019-2024
  • Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2019-2024
  • Executive Summary
  • Men and millennials represent increasingly important consumer groups, customisation and exclusivity increasingly important
  • Easing of inflation stimulates growth, enables middle-income consumers to move upmarket
  • Market remains relatively fragmented, Kering sees notable improvement through performance of Gucci and Yves Saint Laurent
  • Luxury goods retailers expand into variety of locations, bricks and mortar remains king despite net-savvy consumer base
  • Economic stability, infrastructure developments and tourism market growth all set to underpin market’s future performance
  • Market Indicators
  • Table 7 Number of High Net Worth Individuals (HNWI): 2014-2019
  • Market Data
  • Table 8 Sales of Luxury Goods by Category: Value 2014-2019
  • Table 9 Sales of Luxury Goods by Category: % Value Growth 2014-2019
  • Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
  • Table 11 NBO Company Shares of Luxury Goods: % Value 2014-2018
  • Table 12 LBN Brand Shares of Luxury Goods: % Value 2015-2018
  • Table 13 Distribution of Luxury Goods by Format and Category: % Value 2019
  • Table 14 Forecast Sales of Luxury Goods by Category: Value 2019-2024
  • Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024
  • Sources
  • Summary 1 Research Sources
Note: Product cover images may vary from those shown
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