Spain’s ongoing economic recovery has offered a shot in the arms for hard-hit sectors, and the luxury retail market – particularly the luxury vehicle market – is no exception.
Spain is one of Europe’s top fi ve luxury vehicle markets, with the continent’s combined industry valued at $420 billion in 2020. It is forecast to grow by 5% annually until 2026 to hit $566 billion, but the face of the industry is changing; close to 20% of luxury vehicles sold in Europe today are electric.
by Newsweek