UK’s top 100 cities for car sales and sales of luxury cars
The UK’s fastest growing markets are now the biggest for luxury car sales in Europe, according to new figures from data firm BrandIndex.UK luxury car growth peaked in the UK in 2013 at 9.2 per cent and the number of luxury car owners has jumped to 12.9 million, the data company said.
The UK is now the world’s third-largest market for luxury cars, behind Germany and China, BrandIndex said.
It said the UK had the third-fastest growth of all the major markets for luxury vehicles.UK car sales rose by an average of 4.5 per cent a year between 2012 and 2017, with London, the capital, taking the lead.
The car market is also growing fast in the east of England and the south-west of England, according the report.
The report said that in the first quarter of 2021, there were a total of 10.7 million cars sold in the country, up 10.3 per cent from the same quarter last year.
The fastest-growing luxury car markets are in the Netherlands, Germany, Italy, Spain, France and Belgium, Brandindex said.
“The UK’s luxury car market has a long way to go but its still growing, and is on track to overtake the European luxury market in 2020,” BrandIndex chief executive Mark Oakes said.
“The UK car market remains a highly competitive one, but as more luxury cars are sold, the demand for them will keep growing.”
A growing luxury car industryThe luxury car sector is the fastest-expanding in the world, BrandFix reported in January.
The luxury car brand LVMH’s luxury sedan division is the biggest seller of luxury vehicles in the US and Europe.
It is the market leader in the premium car segment, and the world leader in luxury vehicles with a market share of 20.6 per cent.
The company has more than 5,500 luxury car dealerships in the United States and Canada.
The luxury market has become a key component of the US economy, as a growing number of middle class Americans move into the suburbs.
Luxury car sales are also a key source of jobs in the area.
The UK is one of the world leaders in the luxury car business, with more than 6,000 luxury car dealership units in the British Isles, with around 500 sales in England and Wales alone.
The luxury vehicle industry has also been a growing contributor to the UK’s economy, contributing £9.3bn ($12.7bn) to the economy in the last decade, Brand Fix reported in 2017.
BrandFix said that the UK luxury car companies are doing a “fantastic job” in attracting and retaining buyers, but that the industry was “in a state of crisis” as more consumers switch to luxury cars.
UK luxury cars up for sale in 2018There are currently 862 luxury car models in the global market, according Toi.
The brand said that “at least one luxury car is for sale every minute”, adding that there are currently over 3,000 sales of “world-class luxury vehicles” in the U.K. and Germany alone.