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Iceland Mag

Business

Sales of luxury cars have surged this year

By Staff

  • Sales of luxury cars such as BMWs have surged this year. Photo/Valli

Sales of luxury cars have surged this year, reports Mbl.is. New figures show that 707 luxury cars were bought in the first eight months of this year compared with 492 during the same period in 2013, an increase of 44 percent.

Private companies bought 175 luxury cars during this period compared to 107 in 2013, an increase of 64 percent.

The term ‘luxury car’ applies to brands such as Audi, BMW, LandRover, Lexus, Mercedes Benz, Porche, Tesla and Volvo. 

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