Detailed Outlook & Analysis of Luxury Automobiles in Canada- December 2016
No of Pages – N / A Publishing Date- December, 2016
Browse detailed TOC, Tables, Figures, and Charts in Global Serial Device Server Consumption 2016 Market Research Report at: http:// www. marketresearchhub. com / report / luxury-cars-canada-december-2016-report. html
A new report by Mintel, analyzing the market trends and factor along with competitiveness for the industry participants in the luxury cars industry has been recently added to the report offerings of Market Research Hub( MRH). This study primarily focuses on Canada’ s automotive manufacturing industry and is titled as“ Luxury Cars- Canada- December 2016”. The objective of this study primarily analyzes and documents current trends in global production and trade in the auto industry along with a proper examination of Canada’ s position in the global auto markets. Moreover, the report also identifies emerging trends and issues in the industry that require the attention of the policymakers. As per Mintel’ s Luxury Car Market Research Report, at present, luxury automobile manufacturers & brands operating in Canada face a very competitive market. This is due to the overabundance of models and options available for consumers to choose and buy the best. The research studies that 3,600 intermediate luxury passenger cars were sold in December 2016, down from 3,700 calculated in the previous year. In Canada, men aged 18 to 44 are luxury vehicle enthusiasts and also the population of millennial will provide opportunities for the manufacturers to attract these target customers. By looking at these factors, luxury automobile manufacturers utilize several pricing strategies to extract the maximum surplus from consumers.