10 biggest markets for luxury cars in the world

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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.

China

Units sales in 2012: 1.2 million

Units sales in 2020 (projected): 3 million

Global rank: 1

The United States

Units sales in 2012: 1.7 million

Units sales in 2020 (projected): 2.3 million

Global rank: 2

Germany

Units sales in 2012: 0.9 million

Units sales in 2020 (projected): 1.1 million

Global rank: 3

The United Kingdom

Units sales in 2012: 0.5 million

Units sales in 2020 (projected): 0.6 million

Global rank: 4

Italy

Units sales in 2012: 0.3 million

Units sales in 2020 (projected): 0.4 million

Global rank: 5

Russia

Units sales in 2012: 0.2 million

Units sales in 2020 (projected): 0.3 million

Global rank: 6

France

Units sales in 2012: 0.2 million

Units sales in 2020 (projected): 0.3 million

Global rank: 7

Japan

Units sales in 2012: 0.2 million

Units sales in 2020 (projected): 0.2 million

Global rank: 8

Canada

Units sales in 2012: 0.2 million

Units sales in 2020 (projected): 0.2 million

Global rank: 9

Spain

Units sales in 2012: 0.1 million

Units sales in 2020 (projected): 0.2 million

Global rank: 10