Business
No recession for those in the market for a luxury car – Sydney Morning Herald
General car sales have increased strongly since the advent of the pandemic recession, but the luxury car market has done even better.
The deepest recession since Rolls-Royce gave the world the Phantom III has not stopped Australian luxury car enthusiasts from splashing out on high-end vehicles at near-record levels.
A combination of cheap money, closed borders and the release of some highly sought after cars resulted in the sale of almost 8900 luxury vehicles in March, the best result for the month since 2018.
Luxury cars, led by Porsche and its new Taycan, now account for a record share of all passenger and SUV sales in Australia.Credit:Porsche
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