But "customers for these cars were not as exposed as others" to the crisis' financial fallout, he adds. - 'Time to enjoy life' -"The luxury market still has very specific rules and customers," Deloitte car industry analyst Guillaume Crunelle says. Jato Dynamics' analysis showed that sports cars made up just five percent of luxury sales last year, while SUVs' market share outpaced coupes for the first time. Europe and North American remain solid markets for luxury brands, but China is where most of the growth can be found. "It's the world's top region for wealth building, and cars are still a very potent mark of status," Crunelle says.

Source: Mint May 30, 2021 05:14 UTC