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Country Report

Luxury Cars in

Luxury Cars in the US

Dec 2018

US$990

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Executive Summary

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Prospects

SUVs see an increasing share of sales

SUVs accounted for half of overall volume sales of luxury cars in the US in 2017, as more consumers moved away from sedans and coupés. This figure is expected to increase further over the next five years, as more SUV models are hurriedly being introduced to the market.

Electric vehicles are increasing in popularity

The number of EVs sold in the US increased to nearly 200,000 units in 2017, compared with nearly 160,000 in 2016: an approximate 26% increase in volume sales. Tesla is not the only big name associated with EVs any longer.

Increasing production by Tesla

Tesla is aiming to increase its volume share in luxury cars by increasing the production of its more affordable EVs. Recently, it was able to increase the production of its USD35,000 Model 3 to 5,000 vehicles a week, and has announced its goal to reach 6,000 units a week.

Competitive Landscape

Mercedes-Benz, BMW, Lexus and Audi are the leading brands

The leading brands in luxury cars in the US in value terms in 2017 were Mercedes-Benz, BMW, Lexus and Audi; accounting for a significant combined value share. Sales growth for these brands varied significantly in 2017.

The rise of luxury car sharing

More luxury car subscription services are being introduced as an alternative to the traditional ownership model. Most of these services allow consumers access to a fleet of vehicles from a company for a monthly fee, often between USD1,600 and USD3,000.

More companies are making electric vehicles than ever before

Luxury car companies are noticing the increased demand for vehicles powered by alternative energy and are rolling out more electric models. It is expected that eight new electric SUVs will be introduced to the market by 2020, and a ninth by Aston Martin’s Lagonda in 2021.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Delivery

Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Cars industry in USA with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Cars industry in USA, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Cars in USA market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Cars in USA?
What are the major brands in USA?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Luxury Goods market research database.

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Luxury Cars in the US - Category analysis

ANALYSIS

Headlines

Prospects

SUVs see an increasing share of sales
Electric vehicles are increasing in popularity
Increasing production by Tesla

Competitive Landscape

Mercedes-Benz, BMW, Lexus and Audi are the leading brands
The rise of luxury car sharing
More companies are making electric vehicles than ever before

DATAGRAPHICS

Market Sizes

Sales of Luxury Cars
Sales Performance of Luxury Cars

Distribution

Table 1 Channel Distribution

Competitive Landscape

Company Shares of Luxury Cars
Company Share Performance in Luxury Cars
Retail Sales Performance by Company
Market Concentration of Luxury Cars by Company
Brand Shares of Luxury Cars
Brand Share Performance in Luxury Cars
Retail Sales Performance by Brand
Market Concentration of Luxury Cars by Brand

CONTEXT

International Context

Luxury Cars Retail Sales by Region
Luxury Cars in USA

FMCG Index

Luxury Cars vs Selected FMCG Industries

Socioeconomic Context

Population Growth Index
USA vs Other Geographies
Households with a Disposable Income Over USD25,000 - USA

Luxury Goods in the US - Industry Overview

ANALYSIS

Executive Summary

The taste for luxury goods is changing in the US
Millennialisation and the role of experiences are shifting luxury
The competition varies within luxury goods categories
E-commerce continues to disrupt store-based retailing
Luxury goods is expected to see growth once again

Sources

Summary 1 Research Sources

DATAGRAPHICS

Market Sizes

Sales of Luxury Goods
Sales Performance of Luxury Goods
Sales of Luxury Goods by Category

Distribution

Table 2 Channel Distribution

Competitive Landscape

Company Shares of Luxury Goods
Company Share Performance in Luxury Goods
Retail Sales Performance by Company
Market Concentration of Luxury Goods by Company
Brand Shares of Luxury Goods
Brand Share Performance in Luxury Goods
Retail Sales Performance by Brand
Market Concentration of Luxury Goods by Brand

CONTEXT

International Context

Luxury Goods Retail Sales by Region
Luxury Goods in USA

FMCG Index

Luxury Goods vs Selected FMCG Industries

Socioeconomic Context

Population Growth Index
USA vs Other Geographies
Households with a Disposable Income Over USD25,000 - USA

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Megatrends

Country Report

Luxury Cars in the US

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Executive Summary

New Report Guarantee

Prospects

SUVs see an increasing share of sales

Electric vehicles are increasing in popularity

Increasing production by Tesla

Competitive Landscape

Mercedes-Benz, BMW, Lexus and Audi are the leading brands

The rise of luxury car sharing

More companies are making electric vehicles than ever before

Overview

Why buy this report?

Samples

Delivery

Overview

Want to find out more about this report?

Table of Contents

Luxury Cars in the US - Category analysis

ANALYSIS

Headlines

Prospects

Competitive Landscape

DATAGRAPHICS

Market Sizes

Distribution

Competitive Landscape

CONTEXT

International Context

FMCG Index

Socioeconomic Context

Luxury Goods in the US - Industry Overview

ANALYSIS

Executive Summary

Sources

DATAGRAPHICS

Market Sizes

Distribution

Competitive Landscape

CONTEXT

International Context

FMCG Index

Socioeconomic Context

Why buy this report?

Want to find out more about this report?

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