In the minds of many people,GermanyCars and luxury cars have deeply influenced people. Be it BMW, Posh, Mercedes-Benz or Audi, they all are desirable luxury cars. But in today’s globalized world, Germany, which has many luxury brands, is not the world’s largest producer of luxury cars. The move towards markets with lower production costs and greater capacity is a contemporary philosophy, although BMW, Mercedes-Benz or Audi have a strong global presence, but Germany is not a major producer of luxury cars, but produces the majority of premium cars sold in the world. /Luxury cars come from China.
Data collected by JATO Dynamics shows that in the first half of 2023, sales of luxury cars made in China accounted for about 29% of global sales. China is essential for any such brand. In particular, there is a huge demand for luxury cars, MPVs and SUVs in the Chinese market itself, which means that most brands in the luxury segment market already produce products locally.
In fact, nearly a third of the sales of these three German high-end brands are produced in China. Some are also produced in China and exported to other countries, such as the BMW iX3.
In second place is Germany, which still holds a significant position in the production of luxury cars sold in the European and global markets. Traditional models like the Audi A4, Mercedes-Benz C-Class, E-Class, GLC, S-Class and the BMW 3 Series, 5 Series and 7 Series usually come from German factories. The industry is vital to the German economy, which knows it can maintain profitability by producing luxury cars.
usa,Japanand Hungary are three other countries that are still engaged in luxury car production. The United States and Japan have maintained their positions since the 2022 data, but Hungary has gradually grown and even overtakenswedenBecame the fifth largest producer of luxury cars, and an important production base for C-segment high-end models including Audi and Mercedes-Benz.