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.
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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.