PROSPECTS AND OPPORTUNITIES
A challenge for luxury brands to differentiate themselves from competitors with more premium options
Retail sales of premium and luxury cars look set to further rise over the forecast period, while overall demand is predicted to fully recover to pre-pandemic levels by 2026. Owning a premium or luxury car will continue to be seen as a status symbol, with cars that boast a spacious interior, sleek, modern design, and comfortable driver and passenger seats likely to continue to be popular.
New brands and models of luxury cars set to enter Mexico, with many of them likely to be electric options
New luxury brands are set to continue entering the Mexican market due to the potential they find among consumers who are eager to purchase new and ultra-exclusive products. Part of this trend is set to be driven by electric models within premium and luxury cars over the forecast period, due to investment by the government in the likes of rapid electric car charging stations and the advent of new technologies as a response to concerns about sustainability and a need to promote cars with zero emissions.
Growth of armoured cars due to security concerns
In recent years, Mexico has seen an alarming rise in violence. According to data from the Secretariat of Security and Citizen Protection (SSPC), 2024 has witnessed over 2,000 intentional homicides in the country, which is equivalent to an average of 78 people murdered every day, placing the country as one of the nations with the highest homicide rates in the world.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium and Luxury Cars industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Premium and Luxury Cars in Mexico report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Premium and Luxury Cars in Mexico?
- Which are the leading brands in Premium and Luxury Cars in Mexico?
- How are products distributed in Premium and Luxury Cars in Mexico?
- How important is tourism in evaluating demand for Premium and Luxury Cars in Mexico?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Premium and Luxury Cars in Mexico - Category analysis
KEY DATA FINDINGS
Growth of premium and luxury cars driven by traditional brands and boosted by hybrid models
Mercedes-Benz utilises online sales in Mexico
Porsche NOW: A pop-up space to experience the brand
A challenge for luxury brands to differentiate themselves from competitors with more premium options
New brands and models of luxury cars set to enter Mexico, with many of them likely to be electric options
Growth of armoured cars due to security concerns
Luxury Goods in Mexico - Industry Overview
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
DISCLAIMER
Premium and Luxury Cars
Passenger car vehicles providing exceptional comfort, aimed at the premium market and at drivers wanting a higher level of performance and handling or a vehicle that gives the impression of being capable of high-speed motoring. These cars are generally designed to appeal to high earning, status led consumers and generally retail at US$75,000 plus Example models include: Aston Martin, Ferrari, Jaguar, Bentley, Porsche, McLaren, Maserati, Rolls-Royce and Tesla
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Premium and Luxury Cars research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!