Which country has the highest car sales in the world?
China is the largest car market in the world, accounting for over 23. Japan and India are the second and third largest car markets in the world, with sales of 5. Who is the top 10 exporter of cars? The top 10 car exporting countries are Germany, Japan, Mainland China, South Korea, the United States, Mexico, Belgium, Spain, Canada, and the United Kingdom.
Which country spends most on luxury brands?
Presently, South Korean annual per capita spend on luxury goods remains more than six times higher than that of Chinese spenders. Globally, McKinsey projected the luxury market to grow between 5% and 10% in 2023, buoyed by demand from the U. S. China. Many countries have seen an increase in spending on luxury items, but one country now stands out as the world’s biggest spender on luxury goods per capita: South Korea. According to analysts from Morgan Stanley, South Korea’s spend on luxury goods saw a 24% increase in 2022 to €15.