Premium and Luxury Cars in South Korea

Premium and Luxury Cars in South Korea

Retail value sales of premium and luxury cars saw double-digit growth of 13% in 2024, with total sales of KRW26.4 trillion. The landscape continues to thrive despite inflation, while the macroeconomic situation has less impact on luxury and higher-income consumers in South Korea. Wealth determines the demand for premium and luxury cars, and sales are reliant on high consumer confidence amongst a niche consumer demographic. As such, the number of wealthy consumers in South Korea strongly influenc...

Euromonitor International's Premium and Luxury Cars in South Korea report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Premium and Luxury Cars market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.