Luxury items remain popular among young Germans. They are also happy to showcase their possessions, a behavior known in youth slang as "flexing." Among these, luxury cars are particularly highly valued. For example, every second person under 30 is fascinated by expensive vehicles. Brand-name clothing with 34 percent and real estate with 33 percent are also considered coveted status symbols among young adults. Art, with 14 percent, and expensive delicacies like champagne, with 8 percent, are less trendy. These findings come from the "Flex Culture in Germany" study by Baulig Consulting conducted last year, surveying a total of 3,000 Germans aged 15 to 30.
High-end automotive brands such as Lamborghini or Mercedes-AMG are popular among most young Germans. Whether used or new – luxury cars are now easily found on online marketplaces like Herando. Many buyers report positive experiences. According to the study, the fascination with luxury cars tends to decrease with age. 55 percent of 15- to 18-year-olds are excited about luxury vehicles, compared to only 44 percent among those aged 25 to 30.
Although young people often lack the financial means to buy their dream car, luxury goods already play an important role in their lives – making a targeted marketing strategy essential when selling. For example, those looking to sell their luxury cars should not overlook the younger generation in their approach. A team of marketing specialists on Herando supports sellers in achieving good prices for luxury items such as cars, real estate, or watches.
Young women are especially interested in jewelry and luxurious home decor. Conversely, young men prefer high-priced watches. A selection of the most popular luxury watch brands, such as Patek Philippe, Rolex, or Cartier, can also be found on Herando. At the same time, owners can offer their luxury items to an appropriate audience for sale.
First-hand Herando experience reports are available at www.herando-erfahrungen.de. Young Germans not only dream of luxury goods—they already own some. The value of the most expensive luxury item owned by young people averages around 6,000 euros. One-third of respondents mention values between 1,000 and 10,000 euros, and six percent own items worth over 10,000 euros. It’s therefore quite possible that today’s youth are the target market for tomorrow’s luxury products.