Global car sales by leading luxury brands 2023
Global luxury car market
The global luxury car market is one of the most valuable luxury markets within the luxury goods industry. The global market size for luxury cars is expected to have grown from 245 billion euros in 2010 to 635 billion euros in 2023. Much of the growth is attributed to the increasing consuming power of emerging markets such as China. That said, mature markets such as the United States remain important target countries. In 2023, the U.S. luxury car market recorded nearly 6.8 billion U.S. dollars in revenue, making it the largest market worldwide.