Consumers who are classified as true-luxury are showing a growing interest in second-hand and sustainable options. In 2019/2020, a quarter of all respondents bought a luxury item that was previously owned. 16 percent also reported renting a luxury item as opposed to purchasing.
True-luxury* consumers engaged in luxury second-hand and rental item transactions in 2020
Characteristic
Share of respondents
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*True-luxury consumers spend, on average, more than 39 thousand euros on luxury goods and experiences per year.
Responses reflect actual transactions for 12 months prior to survey date.
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BCG. (June 24, 2020). True-luxury* consumers engaged in luxury second-hand and rental item transactions in 2020 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1278699/luxury-rental-and-second-hand-transactions/
BCG. "True-luxury* consumers engaged in luxury second-hand and rental item transactions in 2020." Chart. June 24, 2020. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1278699/luxury-rental-and-second-hand-transactions/
BCG. (2020). True-luxury* consumers engaged in luxury second-hand and rental item transactions in 2020. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1278699/luxury-rental-and-second-hand-transactions/
BCG. "True-luxury* Consumers Engaged in Luxury Second-hand and Rental Item Transactions in 2020." Statista, Statista Inc., 24 Jun 2020, https://www.statista.com/statistics/1278699/luxury-rental-and-second-hand-transactions/
BCG, True-luxury* consumers engaged in luxury second-hand and rental item transactions in 2020 Statista, https://www.statista.com/statistics/1278699/luxury-rental-and-second-hand-transactions/ (last visited August 25, 2024)
True-luxury* consumers engaged in luxury second-hand and rental item transactions in 2020 [Graph], BCG, June 24, 2020. [Online]. Available: https://www.statista.com/statistics/1278699/luxury-rental-and-second-hand-transactions/