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Premium and Luxury Cars in South Africa

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    Report

  • 16 Pages
  • September 2022
  • Region: South Africa
  • Euromonitor International
  • ID: 5004083
Demand for premium and luxury cars notably declined in South Africa in 2020 as the pandemic began to take an economic toll on aspirational consumers. Unlike high net-worth individuals who are fairly price inelastic, consumers in the upper-income aspirational bracket, whilst earning a high salary, may not necessarily be wealthy. They tend to rely on bank credit to finance the purchase of luxury cars, paying high monthly instalments.

The Premium and Luxury Cars in South Africa 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 2026 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 SOUTH AFRICAKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Premium and luxury cars continues on road to recovery
  • Global supply challenges and the rise of electric models
PROSPECTS AND OPPORTUNITIES
  • Fuel prices and interest rates increase, hindering category growth
  • Electric cars set to make further gains in local market
  • BMW and Mercedes-Benz remain leading luxury car brands
CATEGORY DATA
  • Table 1 Sales of Premium and Luxury Cars: Value 2017-2022
  • Table 2 Sales of Premium and Luxury Cars: % Value Growth 2017-2022
  • Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2017-2021
  • Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2018-2021
  • Table 5 Forecast Sales of Premium and Luxury Cars: Value 2022-2027
  • Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2022-2027
LUXURY GOODS IN SOUTH AFRICA
EXECUTIVE SUMMARY
  • Luxury goods in 2022: The big picture
  • 2022 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?
MARKET DATA
  • Table 7 Sales of Luxury Goods by Category: Value 2017-2022
  • Table 8 Sales of Luxury Goods by Category: % Value Growth 2017-2022
  • Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
  • Table 10 NBO Company Shares of Luxury Goods: % Value 2017-2021
  • Table 11 LBN Brand Shares of Luxury Goods: % Value 2018-2021
  • Table 12 Distribution of Luxury Goods by Format and Category: % Value 2022
  • Table 13 Forecast Sales of Luxury Goods by Category: Value 2022-2027
  • Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
  • Summary 1 Research Sources