Thursday Jun 08, 2023

Five trends shaping tomorrow’s luxury-car market

Luxury-vehicle brands stand apart. Where the mainstream market has largely stagnated, with little to no growth expected through 2031, the luxury segments should gain share during the same period, with growth rates ranging from 8 to 14 percent annually. What’s more, margins in the luxury segment ranged in the double digits from 2016 to 2021, while the mass market remained in the low single digits during the same period.

Cultivating a separate market

The luxury market is where the action currently is in the automotive world. In addition to traditional comfort,

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