Retail sales of premium and luxury cars look set to increase at a current value CAGR of 12% (9% 2022 constant value CAGR) over 2023-2028 to total USD226.1 billion.
Increasing online sales are expected within premium and luxury cars in the US over the forecast period. More consumers are looking to the internet when purchasing essential items, but also when buying big-ticket items such as cars, with this trend set to continue.
There is strong potential for momentum in luxury electric cars in the US. President Joe Biden announced a target in August 2021 that half of all new vehicles sold in the US would be zero-emission vehicles, with electric vehicles at the core of that strategy.
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Understand the latest market trends and future growth opportunities for the Luxury Cars industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Passenger car vehicles providing exceptional comfort, aimed at the premium market and at drivers wanting a higher level of performance and handling or a vehicle that gives the impression of being capable of high-speed motoring. These cars are generally designed to appeal to high earning, status led consumers and generally retail at US$75,000 plus Example models include: Aston Martin, Ferrari, Jaguar, Bentley, Porsche, McLaren, Maserati, Rolls-Royce and Tesla
See All of Our DefinitionsThis report originates from Passport, our Luxury Cars research and analysis database.
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