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Premium and Luxury Cars in China

  • ID: 5004104
  • Report
  • January 2020
  • Region: China
  • 5 pages
  • Euromonitor International
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The Chinese Government has removed the extra import tariff imposed on cars manufactured in the US, reducing the tariff from 40% to 15%. Tesla was the first manufacturer to reflect the move in its car price, adjusting the prices of its Model S, Model X and Model 3. Following Tesla, BMW and Mercedes-Benz also made price adjustments. In August 2019, the Chinese Government announced that it would be restoring the additional tariff from 15 December.

The Premium and Luxury Cars in China 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 China
  • February 2020
List of Contents and Tables
  • Headlines
  • Prospects
  • Removal of additional tariff lowers prices of US-made cars
  • Manufacturers target demand for personalisation
  • Increasingly favourable environment for electric vehicles
  • Competitive Landscape
  • German brands dominate
  • Tesla opens factory in Shanghai
  • “Second tier” brands gaining in popularity
  • 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
  • China becoming increasingly central to luxury brands’ strategies
  • Millennials and Gen Z consumers shaping market development
  • Major players see strong growth across a number of categories
  • Growing emphasis on e-commerce
  • Evolving environment providing opportunities for further expansion
  • 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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