Find stats on top websites
Industry Landscape
The luxury automotive retail industry is experiencing a shift towards electrification and digitalization. Strong demand for SUVs and high-performance models persists. Dealerships are focusing on personalized customer experiences, seamless online-to-offline integration, and comprehensive service offerings to maintain competitiveness amidst rising interest rates and supply chain fluctuations.
Total Assets Under Management (AUM)
Luxury Car Sales Volume in United States
~Approximately 1.8-2.0 million units (estimated for US luxury vehicles, varies annually)
(1.5-2.5% CAGR)
Luxury car sales growth is driven by increasing affluence and consumer preference for premium features. It's impacted by economic stability, consumer confidence, and vehicle innovation. EV adoption and SUV demand are key contributors.