2018 – Slowdown in luxury car market growth
In 2018, luxury car market has grown at the slowest rate compared to last 10 years. Only, if we overlook 2016 growth rate because of one-off exceptional event, when 2000cc + diesel engine cars were banned for limited period in New Delhi. Growth rate has moderated, from being exponential during the period of 2009-2013, to more linear in last five years (2014-2018). Has propensity of conspicuous consumption come down? This cannot be true, given the past growth trend. So answer