According to a recent report presented by the Society of Indian Automobile Manufacturers (SIAM) on the sale of
Luxury cars, the average sales growth across the country is between 12 to 15 per cent per year, while the figure almost doubles in Jaipur.
"High oil prices are feeding into the economy, so more people have higher incomes, so more people buy
luxury cars," said Julian Millward-Hopkins, Middle East and Levant press manager for German luxury brand Mercedes-Benz.
Benfield VW has a number of
luxury cars, and need a specialist manager with expert knowledge.
Large
luxury cars now account for a paltry 2.5% of the prestige market as a whole, putting their future existence into doubt.
Small cars demonstrated the largest fall in the category (down 7.5pc) with compact executives, executives and
luxury cars showing rises in price.
"Having had experience with
luxury cars in a smaller market and the difficult challenges I had had, I thought I was well prepared to come to Plano and run that Jaguar dealership," says Stephens.
Anyone interested in a presidential yacht,
luxury cars, presidential houses and rest houses by the beach?
unit of Toyota Motor Corp., said its Lexus group, which makes
luxury cars, will market the SC 430 based on the Lexus Sport Coupe Concept car.
"Jaguar already has a very high reputation here and I am confident that the Jaguar range will be extremely successful in this expanding market for
luxury cars," he added.
This study hypothesized that owners of American, German, and Japanese
luxury cars will differ in terms of the values they consider important to them in their daily life and the car attributes they desire.
Dealers in new
luxury cars have witnessed flat growth in sales in the last three years in what industry analysts have linked to increased government scrutiny on individuals' lifestyles in the war on corruption and tax cheats.Reduced flow of bank loans after the government introduced the lending rates cap in September 2016 has also hurt auto dealers.
The move was taken during the annual meeting of franchise companies for taxis in Dubai, and comes as a result of the entry of huge numbers of
luxury cars belonging to licenced and specialised companies into the market.
