Premium and luxury cars in the US is set to see solid but slowing retail current value growth in the forecast period. Although luxury carmakers are facing challenges in the EV market – including supply chain disruptions and slower than expected adoption – the push for zero emission vehicles by 2035 is unavoidable, particularly in California.
Despite the current slowdown in sales of EVs and ongoing supply chain issues, Tesla’s upcoming robo-car and the highly anticipated Cybertruck could reignite consumers’ interest and redefine luxury ownership. The Cybertruck, in particular, is Tesla’s boldest departure from traditional vehicle design, combining futuristic aesthetics with rugged utility.
In response to challenges such as charging infrastructure issues and supply chain setbacks, premium and luxury car brands are looking to differentiate themselves through a more connected and service-driven ownership experience. Advanced connectivity features, such as remote diagnostics, concierge services, and smart home integration, are set to elevate the ownership experience, creating value beyond the traditional driving dynamics.
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Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium and Luxury Cars industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 Premium and Luxury Cars research and analysis database.
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