Key Facts: The Luxury Market in Mexico

 

Despite challenging economic circumstances, manufacturers of luxury brands are focusing their efforts on Mexico, and it is considered the most favourable country for luxury goods in Latin America. Experiential categories such as luxury cars showed strong growth driven by financial plans available to middle-income consumers, such as interest-free payments or leasing. Millennials contributed to the solid performance of categories like super premium beauty and personal care and personal accessories.

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