PROSPECTS AND OPPORTUNITIES
Growth in premium and luxury cars, but some uncertainty of the trajectory for EVs
In the US, premium and luxury cars is poised for robust growth, with retail sales expected to increase at a compound annual growth rate (CAGR) of 6% in current value terms and a 3% CAGR at constant 2025 prices over the forecast period. A shift towards electric vehicles (EVs) has been observed in the country.
Despite challenges, luxury car makers will continue to shift towards electrification
Advancements in electric vehicle technology, including enhanced battery performance and expanded charging infrastructure, are poised to drive transformative changes, thereby increasing their appeal among luxury consumers despite the challenge from the uncertain regulatory environment. Manufacturers are likely to allocate investments to zero-emission powertrains while preserving the distinctive attributes of power, refinement, and exclusivity that characterise luxury vehicles.
Luxury car manufacturers likely to prioritise connectivity and smart technology integration
Between 2025 and 2030, key producers of premium and luxury vehicles in the US are expected to focus on enhancing connectivity and integrating smart technologies to cater to evolving consumer expectations. The incorporation of advanced digital features, including remote diagnostics, sophisticated infotainment systems, and seamless smart home connectivity, is anticipated to create a more comprehensive luxury ownership experience.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
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.
The Premium and Luxury Cars in USA report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Premium and Luxury Cars in USA?
- Which are the leading brands in Premium and Luxury Cars in USA?
- How are products distributed in Premium and Luxury Cars in USA?
- How important is tourism in evaluating demand for Premium and Luxury Cars in USA?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Premium and Luxury Cars in the US - Category analysis
KEY DATA FINDINGS
Luxury car manufacturers drive growth through EVs and ownership experiences
Luxury car buyers, particularly younger people, prioritise eco-friendly and tech-savvy options
Luxury car brands drive electrification
Growth in premium and luxury cars, but some uncertainty of the trajectory for EVs
Despite challenges, luxury car makers will continue to shift towards electrification
Luxury car manufacturers likely to prioritise connectivity and smart technology integration
Luxury Goods in the US - Industry Overview
Luxury goods in 2025: The big picture
2025 key trends
Competitive landscape
Retail developments
What next for luxury goods?
DISCLAIMER
Premium and Luxury Cars
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 definitionsWhy 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 report originates from Passport, our Premium and Luxury Cars research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!