Luxury Cars - LATAM
LATAM- Revenue in the Luxury Cars market is projected to reach US$3bn in 2024.
- Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 43.82%, resulting in a projected market volume of US$18bn by 2029.
- Luxury Cars market unit sales are expected to reach 29.4k vehicles in 2029.
- The volume weighted average price of Luxury Cars market in 2024 is expected to amount to US$160k.
- From an international perspective it is shown that the most revenue will be generated United States (US$7bn in 2024).
The Luxury Cars Market segment includes passenger cars of an average footprint around 5m2 (54 ft2), an average mass around 2200kg (4850lbs) and a passenger/cargo volume larger than 3.4 m3 (120 ft3). Models in this market are characterized by their high price. There are numerous companies that produce exclusively for this market. All key figures shown represent the sales of new luxury cars in the basic configuration in the respective year. Used vehicles are not taken into account, nor is adapted equipment for the new cars sold. The prices and revenues shown as well as the distribution of connectivity, drive types, autonomy levels, and average CO2 emissions are accordingly based on the basic models.
- European Car Segment: F (Luxury Cars)
- US Car Segment: Large Cars
- Chinese Car Segment: Category B
- Also known as: Full-size Luxury Cars, High-end Luxury Cars, Oberklasse
Example models: Audi A8, BMW 7 Series, Jaguar XJ, Mercedes-Benz S-Class, Porsche Panamera.
In-Scope
- Passenger cars - Luxury cars
- Ulta-luxury cars
Out-Of-Scope
- Premium Compact and Executive cars
- Luxury SUVs/Crossover cars
