Retail sales of premium and luxury cars are expected to rise at a current value CAGR of 12% (9% 2023 constant value CAGR) over 2023-2028 to total EUR20.1 billion in 2028.
During the forecast period, online sales of premium and luxury cars are expected to increase in Italy. Consumers are starting to buy big ticket items like cars online, having started off buying essential items via this channel, with this trend set to continue.
Electric cars are expected to rise in importance within premium and luxury cars over 2023-2028, as a result of government investment 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 zero emission vehicles. As interest in electric cars increases and consumers become both more concerned about the environment and accustomed to charging their own vehicles, manufacturers will most likely invest more in electric cars, thereby providing a greater variety of options for consumers to choose from.
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Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in Italy 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 Italy, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 DefinitionsThis report originates from Passport, our Premium and Luxury Cars research and analysis database.
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