VFACTS: Luxury car sales a mixed bag in Q1 2023

Luxury car sales in the first quarter of 2023 largely bucked a wider market improvement, as ongoing supply issues persist.

There were a total of 269,002 vehicles sold in the first quarter of 2023, which is 2.5 per cent better than until the end of March last year. Luxury brands accounted for 22,932 of those sales, down 3.0 per cent overall.

Despite this incremental sales decline, some luxury brands managed to improve their sales.

Brand Q1 2023 sales Growth vs Q1 2022

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