Retail sales of premium and luxury cars are expected to rise at a current value CAGR of 10% (8% 2023 constant value CAGR) over 2023-2028 to total MYR21.6 billion.
Online sales of premium and luxury cars are expected to rise in Malaysia over the forecast period. Consumers are starting to buy big ticket items like cars online, having become comfortable and familiar with shopping for essential items via this channel, with this trend set to continue.
Electric cars look likely to become more significant within premium and luxury cars over the forecast period, as a result of investment by the government in fast electric car charging points and the advent of new technologies as a response to concerns about sustainability and a need to promote cars with zero emissions. The government is also offering a range of incentives to encourage new and existing drivers to choose electric vehicles over petrol and diesel ones.
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Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in Malaysia 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 Malaysia, 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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