What you need to know
With an economy that is returning to stability and slowly growing again after a prolonged recession, the automotive market, from new cars to used cars to CPO (certified pre-owned) cars, is booming. That includes the luxury car market, as consumers are regaining the confidence to spend, and some of that money is being spent on high-end goods. Additionally, a slew of new or redesigned models have hit the market in recent years, and luxury cars are often ahead of the technology curve – an important attribute when technology in new cars is advancing at a rapid rate.
Definition
This report covers the sale of new domestic and imported luxury vehicles and consumer attitudes and activity around luxury vehicles. Vehicle segments represent those involving both traditional luxury vehicle makers and nontraditional luxury vehicle makers.
Sales figures throughout this report apply to new (not used) luxury cars, and are unit volume figures as reported by the manufacturers.
