10 biggest markets for luxury cars in the world

Image: Lamborghini's Veneno in Geneva, Switzerland.
Photographs: Denis Balibouse/Reuters

Although the economy is in a slowdown, especially in the United States and Europe, luxury car segment continues to grow.

Let's take a look at 10 biggest markets for luxury cars in the world, according to The Financial Times newspaper and McKinsey & Company, a global management consulting firm.

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10 biggest markets for luxury cars in the world

Image: An aerial view shows vehicles travelling on intersections at night in downtown Shanghai, China.
Photographs: Aly Song/Reuters

China

Units sales in 2012: 1.2 million

Units sales in 2020 (projected): 3 million

Global rank: 1

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10 biggest markets for luxury cars in the world

Image: A view of New York City's skyline in United States.
Photographs: Lucas Jackson/Reuters

The United States

Units sales in 2012: 1.7 million

Units sales in 2020 (projected): 2.3 million

Global rank: 2

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10 biggest markets for luxury cars in the world

Image: A view of Charlottenburg Palace in Berlin, Germany.
Photographs: Fabrizio Bensch/Reuters

Germany

Units sales in 2012: 0.9 million

Units sales in 2020 (projected): 1.1 million

Global rank: 3

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10 biggest markets for luxury cars in the world

Image: Pedestrian cross the diagonal crossing at Oxford Circus in London, United Kingdom.
Photographs: Stefan Wermuth/Reuters

The United Kingdom

Units sales in 2012: 0.5 million

Units sales in 2020 (projected): 0.6 million

Global rank: 4

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10 biggest markets for luxury cars in the world

Image: An aerial view of St Peter's square in Rome, Italy.
Photographs: Alessandro Bianchi/Reuters

Italy

Units sales in 2012: 0.3 million

Units sales in 2020 (projected): 0.4 million

Global rank: 5

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10 biggest markets for luxury cars in the world

Image: A view of Moscow's Kremlin, Ministry of Foreign Affairs and Moscow City business district, Russia.
Photographs: Anton Golubev/Reuters

Russia

Units sales in 2012: 0.2 million

Units sales in 2020 (projected): 0.3 million

Global rank: 6

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10 biggest markets for luxury cars in the world

Image: A man rides a bicycle as he makes his way along a snow-covered sidewalk near the Eiffel Tower in Paris, France.
Photographs: John Schults/Reuters

France

Units sales in 2012: 0.2 million

Units sales in 2020 (projected): 0.3 million

Global rank: 7

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10 biggest markets for luxury cars in the world

Image: Skyscrapers in Tokyo's Shinjuku district frame Mt Fuji at dusk, Japan.
Photographs: Kimimasa Mayama/Reuters

Japan

Units sales in 2012: 0.2 million

Units sales in 2020 (projected): 0.2 million

Global rank: 8

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10 biggest markets for luxury cars in the world

Image: A worker cleans away snow around the Centennial Flame on Parliament Hill in Ottawa, Canada.
Photographs: Christopher Pike/Reuters

Canada

Units sales in 2012: 0.2 million

Units sales in 2020 (projected): 0.2 million

Global rank: 9

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10 biggest markets for luxury cars in the world

Image: A view of Agbar Tower, left, in Barcelona, Spain.
Photographs: Albert Gea/Reuters

Spain

Units sales in 2012: 0.1 million

Units sales in 2020 (projected): 0.2 million

Global rank: 10

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