Profile
Join date: Jan 24, 2022
About



The global luxury car market was valued at around USD 410 billion in 2020. The market is projected to grow to USD 566 billion in 2026, with a CAGR of approximately 5% during the forecast period (2021-2026).

The COVID-19 pandemic had a profound effect on the luxury car market directly in the short term as the sales and production witnessed a decline in 2020. Furthermore, the pandemic has greatly affected the spending power of every individual. After the restrictions were lifted, the market gradually started gaining its lost momentum.

ian.bellcricket
More actions