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Luxury Car Market Size is Expected to Reach $1.03 Trillion by 2031

Summary by Newstrail.com
Rise in demand for luxury vehicles owing to an increase in incomes and evolving customer needs, surge in demand for comfortable and luxurious driving experiences, introduction of new line of luxury cars by leading automobile manufacturers drive the global luxury car market. However, the high cost of luxury cars hinders market growth. Moreover, the production of electric luxury cars and the growing adoption of autonomous driving technology in lux…
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Newstrail.com broke the news in on Saturday, May 17, 2025.
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