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Country Report

Luxury Cars in

Luxury Cars in the US

Feb 2019

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

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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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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

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

CATEGORY DATA

Table 1 Sales of Luxury Cars: Value 2013-2018
Table 2 Sales of Luxury Cars: % Value Growth 2013-2018
Table 3 NBO Company Shares of Luxury Cars: % Value 2013-2017
Table 4 LBN Brand Shares of Luxury Cars: % Value 2014-2017
Table 5 Forecast Sales of Luxury Cars: Value 2018-2023
Table 6 Forecast Sales of Luxury Cars: % Value Growth 2018-2023

Luxury Goods in the US - Industry Overview

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

MARKET INDICATORS

Table 7 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 8 Sales of Luxury Goods by Category: Value 2013-2018
Table 9 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 11 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 12 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 14 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Megatrends

Country Report

Luxury Cars in the US

New Report Guarantee

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

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Overview

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Table of Contents

Luxury Cars in the US - Category 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

CATEGORY DATA

Luxury Goods in the US - Industry Overview

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

MARKET INDICATORS

MARKET DATA

SOURCES

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