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- Article content Here’s the problem. Those are four-door cars: relatively low with an enclosed trunk and, more often than not over the course of history, two driven wheels. In 2021, cars barely account for more than one-quarter of all sales in Canada’s luxury car, ahem, luxury vehicle showrooms. We apologize, but this video has failed to load. - Source: Internet
- The Range Rover is all-new for 2022, which only solidifies its place on this list of the best luxury SUVs. It also remains one of the best luxury vehicles, period, offering every drop of comfort, convenience, style and opulence one expects from a flagship-quality car with a price tag deep into six digits. The new Range Rover is now available as three-row, long-wheelbase model, but as it’s an option and hardly up to the adult-friendly confines of an Escalade or even Mercedes GLS, we thought it best to keep it here in the two-row category. Highlights include an exceptional attention to detail throughout, a compelling new mild-hybrid engine (and a plug-in hybrid added later), and as it’s a Land Rover, go-anywhere capability. - Source: Internet
- Acura might not be the first name you think of when it comes to luxury SUVs, but the MDX is well worth a look if you’re in the market for a well-appointed family hauler. In addition to a standard third row of seating, the MDX comes with an excellent list of standard features, making it a relative bargain too. It’s not the sportiest or most luxurious SUV out there, and some of the in-car tech and driver aids feel behind the times, but the MDX offers a lot for the money. The sophisticated all-wheel-drive system and powerful but smooth V6 don’t hurt either. Just keep in mind that the 2022 Acura MDX will be fully redesigned, so this is the end of the line for the current MDX. - Source: Internet
- Email Methodology When plotting luxury-vehicle volumes and electrification rates, McKinsey used two growth scenarios. Baseline scenario: The analysis is based on 2021 starting volumes on the production of vehicles priced higher than $80,000 (base price and 10 percent premium for add-ons), and 2022 to 2025 growth on planned production capacity additions, as well as the announced and expected new launches of luxury OEMs. From 2026 to 2031, the scenario assumes a continuation of growth in the number of high-net-worth individuals and ultra-high-net-worth individuals of 9 and 5 percent annually, respectively. The scenario derives electrification rates from McKinsey’s electrification model, which assumes continued battery technology improvements, decreasing battery prices, additional regulatory limits on internal-combustion-engine (ICE) sales, and the increased availability of charging stations, among other factors. - Source: Internet
- Our latest report on the luxury-automobile market updates McKinsey’s extensive research on the sector. It focuses on five significant trends in the global luxury-automobile segment that we believe will shape the market over the coming decade. To develop this perspective, we created two scenarios for market growth and electrification—one baseline and one accelerated—that we used to inform our thinking (see sidebar, “Methodology”). This article largely follows the accelerated scenario. - Source: Internet
- SUVs have been popular in the global automotive market since the early 2000s because of a range of factors, including perceived safety, convenience, styling, and practicality. Additionally, many wealthy buyers desire greater resilience given the broadening regional applicability of SUVs. According to a McKinsey survey, around 50 percent of premium- and luxury-car buyers prefer SUVs as their next purchase. Several leading luxury-car makers, including Aston Martin, Ferrari, and Lotus, are busy introducing their SUVs in response to this demand. - Source: Internet
- Don’t want to plug in but still seeking to reduce your monthly fuel bill? The 2022 Lexus 450h is the ultimate electrically assisted luxury appliance. Before you think we’re casting shade on the hybrid version of Lexus’s most popular model, know that we use that term with the greatest respect. The RX 450h fits seamlessly into almost any family’s lifestyle, providing a quiet, insulated premium driving experience, while at the same time delivering 30 mpg in combined driving. It’s the kind of vehicle you’ll never have to think twice about, and as long as you keep up with the factory’s oil change schedule you won’t be trading it in for your next Lexus before the decade is out, either. - Source: Internet
- For some shoppers, practicality is the most important aspect of a compact crossover, even one in the luxury class. With its cozy back seat and small cargo hold, it’s clear the Porsche Macan has a different target in mind. Sporty suspension tuning with … - Source: Internet
- The number of UHNWIs will likely grow worldwide at 5 percent from 2021 to 2026, reaching more than 700,000 people (Exhibit 6). China should see the fastest growth among large ultra-high-net-worth clusters at about 7 percent during the same period. We expect more than 50 percent of the growth in the luxury-car market to come from nontraditional markets such as China given the rapid rise in UHNWIs and HNWIs in these areas. While the growth in nontraditional markets is impressive, all but two of the top ten countries that will account for about 70 percent of this demographic are part of the traditional triad (North America, Europe, and Japan). Nonetheless, China’s move from virtually no ultra-high-net-worth consumers in 2000 to nearly 90,000 in 2020 and an expected 130,000 in 2026 is especially noteworthy. - Source: Internet
- While most traditional luxury OEMs consider the move to DTC, there is a group of disrupters and luxury players that are pushing even further with a go-to-market approach that relies on a mix between direct sales, online interactions, and few but highly exclusive own-retail assets. This becomes feasible since customers for top luxury brands are often both affluent and digitally savvy and live in or around specific urban areas, which allows OEMs to focus on the number of outlets they require. Basing their retail strategy on serving these customers and augmenting it with appropriate digital and remote customer experience innovations enables these luxury brands to reach their core customers more cost-effectively while creating unique customer experiences. - Source: Internet
- A small crossover is the most cost-effective way to break into the luxury SUV segment. Compared to standard SUVs, these high-class crossovers are more customizable, have nicer interiors, offer more features, and are adorned with an illustrious badge, all in exchange for a higher sticker price. We have divided this segment into two classes. The tiny footprint of subcompact crossovers means that they primarily appeal to city dwellers or those who don’t often drive friends around town. Compacts are bigger and more accommodating for rear-seat passengers, and they also typically have more upscale interiors. - Source: Internet
- An important caveat regarding a brand’s embrace of BEVs involves its starting point. While EV specialists begin from a core EV position, incumbent ICE OEMs must work through significant legacy combustion-engine issues, including stranded assets, R&D integration problems, and likely false starts along the way, which can slow their transition to BEVs. The very top luxury and performance brands will likely feel this challenge acutely since they are drastically under scale by mainstream-automobile standards. That makes it harder for these brands to change course quickly in terms of technologies or assets, hence their delay in making the move to electrification. - Source: Internet
- Another argument for the move toward DTC is that customers of luxury OEMs, like many customers, become frustrated by price inconsistencies and price haggling. In other luxury industries, this has led to extreme behavior among leading players. One French luxury retailer reportedly destroys its overstocked merchandise rather than discount it to avoid damaging the brand value. In addition to deteriorating the premium customer experience, price haggling also harms residual values, which is especially harmful in the luxury automotive segment. - Source: Internet
- The third-gen Acura RDX is a stylish and relatively affordable alternative to the wide array of German luxury SUV offerings. For far less money than its rivals, the RDX offers a handsome design, a strong, turbocharged engine and relatively agile handling. The … - Source: Internet
- Beyond electrification, which customers in the luxury segment already expect to be available, Chinese luxury-car buyers put the “smartification” of their EVs in almost the same bucket. About 40 to 50 percent of serious EV intenders consider the latest ADAS and connectivity features must-have elements of their EV deals. Currently, up to 20 percent of Chinese car buyers consider new EV makers to be better at EV smartification than incumbents—a gap the traditional industry needs to close. - Source: Internet
- Currently, the $80,000-to-$149,000 price band is driving the growth in the luxury-car segment in China. Traditionally, global luxury-car OEMs have single-handedly led this growth. Recently, however, local champions have developed a strong connection with consumers by offering a seamless customer experience, technological ecosystems, and innovative offerings. As the UHNWI population grows, brands in the above-$150,000 price bands could soon emulate this technology focus, although how soon customers will demand it remains an open question. - Source: Internet
- A characteristic that defines many leading luxury-industry players is global consistency. While their local offerings may reflect the unique style of a given region, they strive to maintain a globally consistent brand so that consumers can recognize them anywhere in the world. In the automotive sense, this could translate into standardized brand treatments globally, while at the local level they offer features such as special vehicle color schemes or local-connectivity options. - Source: Internet
- Newer luxury OEMs have identified customer experience as their core strategy to differentiate themselves against incumbents and have created a go-to-market approach that fully reflects the new customer groups. Our research shows that half of all premium consumers would prefer to buy their next cars online, 60 percent are interested in contactless sales and services, and 40 percent find haggling over the price at dealers annoying. It is no surprise, then, that newer luxury-EV OEMs in particular are innovating to meet evolving customer needs. - Source: Internet
- Most established performance- and luxury-car brands make distinctive claims, generally focused on individual luxury, performance, or both. They highlight uniqueness, exclusivity, prestige, craftsmanship, artistry, and the extraordinary—traditional sports/luxury brand identifiers. To stand apart from these legacy brands—some of which have existed for a hundred years or more—newcomer marques focus heavily on the differentiating power of technology. They promote this difference not only to enhance the ownership experience but also to address social concerns such as the transition to sustainable energy. - Source: Internet
- Starting at $36,395, the BMW X1 is the smallest SUV in the BMW lineup, though it doesn’t skimp on things we’ve come to expect from a luxury SUV. Despite the small footprint, it’s surprisingly spacious, with ample room for both people and cargo. Thanks to a peppy yet relatively economical turbocharged inline-four engine, the X1 is surprisingly good to drive. For 2020, BMW mildly revised the X1’s exterior styling and added more standard features. Our biggest complaint is the somewhat jarring ride on rough roads, but we still think it’s one of the best small luxury SUVs on sale today. - Source: Internet
- The third-gen Acura RDX is a stylish and relatively affordable alternative to the wide array of German luxury SUV offerings. For far less money than its rivals, the RDX offers a handsome design, a strong, turbocharged engine and relatively agile handling. The … interior, while not as opulent as what’s on offer from Mercedes-Benz, Audi or BMW, is one of the best we’ve seen from Acura and a definite step up from the RDX’s more mainstream Honda counterparts. It’s roomy and comfortable and offers a lot of features, though most options are bundled into packages. It’s not quite as luxurious as the competition, but it also doesn’t command the same premium. - Source: Internet
- If the GV80 is the supremely talented rookie of the year, the GLE is the perennial all-star who’s recently taken its game to a whole new level. This midsize luxury SUV builds upon its illustrious predecessors (including the ML- and M-Classes before it) with elements that also make it far more competitive in the segment as a whole: more cohesive styling, an opulent interior, five engine choices (including two AMG models) and nearly every bit of infotainment and safety technology in Mercedes’ vast arsenal. If anything, all that tech can easily overwhelm, especially the MBUX interface. Still, it sure looks pretty with its ultra-wide twin-screen setup and vivid graphics. Note that a third-row seat is a $2,100 option, but like the GV80’s, it’s quite small and likely a rare feature to find on dealer lots. - Source: Internet
- Global OEMs are using two strategies to develop or reinforce their brands in China. Some OEMs have introduced strong global brands with traditional local customization (for example, premium exterior paint or special interior features), and others are developing local bespoke specials that more deeply integrate unique features around connectivity, navigation, and infotainment, for instance. One leading luxury-car manufacturer recently introduced a series of bespoke models exclusive to China to tap into demand for luxury cars in the region and to support its long-term commitment to the market. - Source: Internet
- The most recent Lincoln Navigator isn’t just an opulent rolling palace that’s perfect for transporting you and your entire extended family. In addition to a styling refresh, the 2022 model year additionally comes with updated infotainment, the new Active Glide semi-autonomous driving system and several additional cabin decors to choose from. The Navigator also continues to come up big in the towing department. Two-wheel drive models boast 8,700 lbs of trailering capacity, and four-wheel drive editions aren’t far behind, helping make the Navigator the best luxury option out there if you’ve got a heavy trailer to tug from A to B. - Source: Internet
- In a recent survey of potential Chinese luxury-vehicle buyers, nearly 84 percent of respondents say that the ability to personalize their vehicle is important or very important. That places the ability for buyers to customize their cars ahead of a lengthy list of other features that includes connectivity service, driving performance, high-end interior design, battery range capacity, and autonomous-driving features. What’s more, nearly 60 percent of these consumers say that they want customized service throughout the buying process. - Source: Internet
- available adaptive dampers helps make the Macan the best-handling vehicle in the class, even when riding on low-grip all-season tires. Engine choices include a fuel-efficient – yet still fairly quick – turbocharged four-cylinder and the Macan S model’s 3.0-liter turbo V6 with 348 horsepower on tap, while the range-topping Turbo model upgrades to a 2.9-liter V6 rated at 434 horsepower. Although the cabin isn’t terribly roomy, it is trimmed in high-quality materials that will make owners of other luxury compacts jealous. - Source: Internet
- Volkswagen predicts that by 2021, the VW ID .4 hatchback will be available in North America. From the details released by VW, the ID.4 features a power pack with 310 miles of range and is expected to be the same size as the Tesla Model Y. - Source: Internet
- Buyers looking for a luxury SUV have never been more spoiled for choice than they are today. Nearly all of the major high-end carmakers have introduced an SUV into their lineup over the past several years. Even Ferrari is planning one. Meanwhile, tuners and customizers are turning their attention to SUVs like never before, and many of the most expensive SUVs in the world today are customs. - Source: Internet
- Although there are midsize SUVs that offer three rows of seating, third-row headroom and legroom measurements are typically modest at best. If you plan on transporting bigger kids or adults in the third row, you’ll want a full-size luxury SUV. Some even offer an extended-length option that increases the size of the cargo area, which is invaluable for families on road trips. Having said that, midsize three-row SUVs can be the best family luxury SUVs if you have little kids who don’t yet need a lot of passenger space. - Source: Internet
- efficient for the class, and the optional twin-turbo V6 provides more muscle — at 375 horsepower — than most V6 competitors. Now, before you start scoffing at the luxury SUV next to you at a stoplight, know that the GV80 doesn’t quite meet the highest standards of interior finish or driving refinement. Its rotating infotainment dial, moreover, is confusing at best. But when it comes to comfort, tech features and overall storage space, the GV80 stakes its claim as an excellent all-around SUV upon its introduction — an impressive feat, indeed. - Source: Internet
- To deliver a superlative experience, automotive OEMs need to align with continually changing customer needs. McKinsey’s China Consumer Survey indicates that nearly 80 percent of luxury-car customers are looking for a seamless, omnichannel experience, with consistent interactions across departments. They want automakers to deliver frictionless, on-demand service, as 83 percent expect to engage immediately when contacting a company. Nearly 70 percent of customers want new channels and new ways to obtain existing products and services. Another 62 percent demand speed and convenience and see fast shipping as a core element when defining a positive experience, and 90 percent seek transparency and predictability, which is why many of these respondents read online reviews before making a purchase. - Source: Internet
- Although there are midsize SUVs that offer three rows of seating, third-row headroom and legroom measurements are typically modest at best. If you plan on transporting bigger kids or adults in the third row, full-size SUVs tend to be the best family luxury SUVs. Some even offer an extended-length option that increases the size of the cargo area, which is invaluable for families on road trips. Having said that, midsize three-row SUVs can be the best family luxury SUVs if you have little kids who don’t yet need a lot of passenger space. - Source: Internet
- We know that the search for the perfect luxury SUV can seem daunting. Dozens are on sale today, ranging from pint-sized crossovers to leather-lined, truck-based behemoths. That’s why we’ve whittled down the list to the nine best luxury SUVs according to our test results. Without further ado, here is Edmunds’ list of the best luxury SUVs available today. - Source: Internet
- Despite a growing cadre of competitors, when it comes to upscale luxury electric SUVs, the 2022 Tesla Model X still holds considerable sway over the plug-in crowd. With all-wheel drive, 360 miles of range on a single charge and straight-line speed that can shame most modern sport sedans (and quite a few dedicated performance cars, too, if you opt for the Plaid model’s 1,020-horsepower three-motor setup), the Model X has almost enough charm to make you forget about its funky yoke steering wheel and the unusual set of “Falcon Wing” doors that pop up for access to the second row of seating. Almost. - Source: Internet
- Luxury automotive companies can learn from brands in other industries, especially regarding a commitment to social responsibility in areas such as sustainability. For example, one luxury fashion brand ended its use of animal furs in 2018 and stopped the practice of burning unsold new clothing as well, stating that modern luxury dictates behavior that is socially and environmentally responsible. Likewise, a global footwear and apparel company analyzed its greenhouse-gas footprint in 1997 and found that the company was emitting more than seven million tons of CO 2 equivalents. The company started a net-zero carbon reduction campaign that enabled it to cut its CO 2 emissions to less than two million tons in 2009. The company has pledged to power all its owned and operated facilities with renewable energy by 2025. - Source: Internet
- One of the most famous and enduring badges in the SUV market, the Range Rover is currently in its fourth generation. Located in Ohio, this 2021 model shows 15 miles (24 km) and is equipped with the optional 5.0-liter V-8 as well as the Westminster package. - Source: Internet
- tap here to see other videos from our team. Try refreshing your browser, or Driving By Numbers: Canada’s 10 best-selling luxury SUVs in 2021’s first quarter Back to video Recommended from Editorial Driving By Numbers: Canada’s 10 best-selling luxury vehicles in 2020 Shopping Advice: These are the most reliable used 3-row SUVs you can buy Sport-utility vehicles and crossovers – SUVs and CUVs as they’re often labelled – now define the premium vehicle market. However, it’s not because their sales are growing so fast (and they are), nor is it because certain corners of the mainstream automotive press decided they were cool (usually quite the opposite). Rather, automakers have created a market and are now feeding it with an increasingly broad variety of goods that shoppers want. - Source: Internet
- Following the success at Tesla, major car manufacturers have amped up their research and development of electric cars. With the rate at which the electric and hybrid car evolution is going, 2021 is foreseeably going to be the year when some of the major players will showcase what they have been working on. Here is a sneak-peek into what 2021 holds in store for us in regard to EVs and hybrids. - Source: Internet
- Not all SUVs are actually SUVs. Keen on getting Euro-market long-roofs into wagon-shunning American garages, a certain subset of luxury brands have been disguising traditional family fare as slightly lifted, plastic-clad “sport-utilities.” Of these, the 2022 Audi A6 Allroad is your best bet for snagging a fun-to-drive wagon in a socially-acceptable crossover package. Featuring 335 horsepower from a turbocharged V6, a generously appointed cabin and an air suspension that can puff up another inch of ground clearance should you be confronted by true blue SUV bullies, the A6 Allroad is a versatile antidote to the same-same designs dominating today’s roads. - Source: Internet
- The GLE proves that Mercedes still knows how to make a luxury car. It’s comfortable, loaded with technology and the 350de model is powered by an unusual plug-in hybrid diesel engine, which means it’s surprisingly affordable to fuel. It can also drive for around 60 miles on electric power alone. Yes, the third seating row is a little cramped and the best safety extras are locked into the options list, but it’s still a hugely appealing package for those with deep enough pockets. - Source: Internet
- The Land Rover Range Rover cuts an intriguing profile among current luxury SUV flagships. Unquestionably versatile — few other full-sizers can match its combination of off-road acumen and on-road comfort — the Range Rover chooses outright brawn over genteel sophistication with its available 518-horsepower supercharged V8 standing alone against a sea of continental turbocharged foes. That instant-on muscle is backed by an elegant passenger compartment notable for turning its back on the featureless obsidian dashboards of screen-bedecked rivals in favor of a less overstimulated experience. Aristocratic, rather than technocratic, the Range Rover rules from the top of the Land Rover lineup with one eye firmly locked on the brand’s heritage. - Source: Internet
- The majority of luxury marques have heard the message and are looking to progress from the wholesale dealer network channel to DTC or even retail ownership, with only a handful apparently satisfied with the status quo. The promises of such a move are apparent: DTC can enable luxury OEMs to own the customer experience from end to end, which would allow OEMs to fully personalize the customer relationship and help ensure a seamless omnichannel journey. However, the challenges are also clear: a DTC approach will require the buildup of necessary capabilities to move from wholesale to retail. On this journey, OEMs can learn a lot about DTC from nonautomotive luxury retailers, which have made substantial progress in blending the physical and digital customer experiences. - Source: Internet
- Introduced for the 2017 model year, the Levante is a mid-size luxury crossover introduced for the 2017 model year. Maserati’s very first SUV, it complements the Italian company’s range of sporty two-doors as well as its Ghibli and Quattroporte sedans. This 2021 model, located in Chicago, is the 550-hp GTS version and still shows just 40 miles (64 km). - Source: Internet
- The Tesla Cybertruck is one of the most anticipated 2021 vehicles. The truck’s design coupled with the impressive specs comes at a reasonable price. It is thus no surprise that this truck has already been preordered. The cyber truck is going to be available in three options. These include a Single Motor RWD whose battery pack lasts 250 miles, a towing capacity of 7,500 lbs, and a payload capacity of 3,500lbs - all these for $39,900. - Source: Internet
- It wasn’t too long ago that sedans dominated the luxury market, but those days are over. Luxury-brand buyers, just like their mainstream counterparts, have made the SUV their vehicle of choice. In response, automakers have filled the market with luxury SUVs. That begs the question: Which is the right one for you? - Source: Internet
- That theme extends to this Maybach, as the rear passengers get the enjoyment of open-air motoring as well as a glass division window between the front and rear that can change from transparent to opaque. The rear seats also get a massage function and inflatable air chambers, while the rear console gets thermal cup holders. It’s all high luxury, but it’s still a G-Class Mercedes underneath and no slouch when it comes to performance with 450-mm of ground clearance, portal axles, and a 630-hp AMG V-12 engine. - Source: Internet
- The electrification levels in the $150,000-to-$500,000 price bands result from several trends, notably the influx of EV-focused disrupters and a strong supply side push. Regarding the former, the EV disrupters and several mainstream luxury brands already offer EV models, but many top luxury brands will likely remain on the sidelines, at least until 2025, when their first models should arrive. The latter point regarding the supply side push will result from new regulations and technology. The scope of zero-emission mandates enabled by additional city bans on ICE vehicles by 2031—cities where HNWIs typically live—will likely grow, given the political momentum behind them and shifting consumer sentiments. Additionally, improvements in technology are making it possible for car manufacturers to offer similar or better performance in electric vehicles compared with luxury ICE cars. - Source: Internet
- In short, the redesigned Mercedes-Benz GLE-Class is a stunner. Every penny of its price tag is on display, with exceptional cabin materials and a beautifully detailed widescreen technology interface. As expected, a wide range of luxury additions is available, … - Source: Internet
- Creating an all-new luxury brand from whole cloth is an incredibly expensive enterprise. Spending even a few moments behind the wheel of the 2022 Genesis GV80 eloquently demonstrates where each and every one of those billions of dollars invested by parent company Hyundai went. The GV80 isn’t just on par with the big-budget bogeys in the premium SUV world, it’s actually putting daylight between them and its back bumper when it comes to detailed interior design, arresting exterior styling, and outstanding value and performance for the money. Don’t just buy it to be different — buy it to get ahead of the game. - Source: Internet
- The Lexus ES just might be the perfect luxury sedan. It’s spacious, comfortable, safe, and efficient, and it does everything well. This month’s deal is on the ES 250. - Source: Internet
- Global political and economic trends can influence the growth of luxury vehicles. The scope, pace, and characteristics of demand hinge on a variety of factors, including the creation of wealth, the promulgation of regulation, the state of the global economy, geopolitics, technological advancements, and OEM and supplier strategies. The world is recovering from the COVID-19 pandemic, along with recent supply chain disruptions and high inflation rates. The war in Ukraine has disrupted energy and food supply chains, and associated sanctions on Russia have affected economic stability. Consequently, economic development has become uneven across geographies, and the growth outlook is uncertain. - Source: Internet
- When it comes to luxury plug-in hybrids, there aren’t many options on the market yet. But one of the most exciting 2022 models is the BMW 3 Series 330e PHEV. It promises to become the premium German sedan suitable for all types of buyers. It’s an excellent choice if you are looking for a premium car with exceptional space, plenty of power, good build quality and materials—and of course, great MPG. - Source: Internet
- On its first try, Hyundai’s fledgling luxury brand Genesis has managed to produce a midsize SUV that not only holds its own against a prestigious lineup of rivals but does so at a dramatically lower starting price. Its standard four-cylinder engine is … efficient for the class, and the optional twin-turbo V6 provides more muscle — at 375 horsepower — than most V6 competitors. Now, before you start scoffing at the luxury SUV next to you at a stoplight, know that the GV80 doesn’t quite meet the highest standards of interior finish or driving refinement. Its rotating infotainment dial, moreover, is confusing at best. But when it comes to comfort, tech features and overall storage space, the GV80 stakes its claim as an excellent all-around SUV upon its introduction — an impressive feat, indeed. - Source: Internet
- SUVs are a commanding force across the automotive landscape. This is especially true of luxury SUVs, which account for more than 60% of luxury vehicle sales. Manufacturers continue to introduce models to respond to demand, which has been stimulated by relatively low gas prices and SUVs’ increasingly car-like fuel economy. An SUV also provides special benefits, including an elevated driving position, available all-wheel drive and a large, flexible cargo area. It’s no wonder buyers are flocking to luxury SUVs despite the price premium they command over upscale sedans. - Source: Internet
- The luxury automotive sector has set itself apart from the mass market and could capture even more profitable growth, especially at the top end of the market. However, incumbent brands face significant legacy retail and operational challenges, since many are locked into working with dealer networks to provide the levels of customer experience that luxury-car buyers seek. At the same time, market disrupters need to resolve electrification, connectivity, and other advanced-technology issues. In this race, the player that cracks the code on satisfying the most individuals in the luxury-car market the best wins. - Source: Internet
- China will be a crucial part of the growth engine for the luxury-automobile market. For example, in the above-$80,000 price tier, we expect China to be the fastest-growing market for luxury cars by 2031, with 14 percent annual growth, thus increasing its global share in the segment from 24 percent in 2021 to about 35 percent at the end of the decade (Exhibit 3). This will be driven by a rapid increase in the number of HMWIs and UHNWIs in the country. - Source: Internet
- There are dozens of luxury SUVs spread over four size classes, so it can be difficult to figure out where to start. Subcompact and compact crossovers offer a strong value statement to city dwellers, empty nesters, and those who simply want something that stands out from a typical SUV. Small families that need a bit more passenger and cargo space will likely find an appropriate vehicle in the midsize class. Full-size SUVs are perfect for growing families or, again, individuals who just want to make a statement. No matter which class appeals to you the most, Edmunds has the tools to point you in the right direction in your search for the perfect luxury SUV. - Source: Internet
- There’s a certain class of luxury SUV that’s almost on the verge of extinction. We’re talking about fire-breathing, anti-social, eight-cylinder beasts just as likely to lay a patch of rubber as they are to handle the daily commute. Of these, the 2022 Mercedes-AMG GLC63 S stands out as one of the haughtiest hooligans to ever wake up your neighbors on cold-start. With 503 horsepower on tap, the GLC63 S (finally available outside of its four-door “coupe” body style for 2022) is rambunctious, able to reach 60 mph in just a tick or two over three seconds, and scarcely able to contain its disdain for the local constabulary at idle. Grab one before they’re all gone, pop the sunroof and let your Teutonic mullet fly. - Source: Internet
- The BMW X7 is the German automaker’s very first full-size SUV, and it’s one of those rare instances where an initial effort ends up being a class leader. A seven-passenger sport-utility vehicle that drives smaller than its massive bulk suggests, the X7 manages to embody power, grace and elegance in a package that one-ups BMW’s 7 Series sedan in terms of style and road presence. It’s hard to think of a better all-around, full-size family option among its luxury cohort regardless of whether you stick with its zippy entry-level turbocharged six-cylinder engine or go all-out with the Alpina model’s 612-horsepower turbo V8. - Source: Internet
- You can get an XC90 dressed to the nines with the 400-horsepower plug-in hybrid powertrain and every high-tech, leather-lined option available for nearly $80,000 and walk away with a truly special luxury SUV befitting that price tag. At the same time, though, you could get a base XC90 T5 for less than $50,000 and walk away with a well-equipped and well-made family SUV that’s more spacious, efficient and stylish than most luxury models. Such widespread appeal and competitiveness are rare. The XC90 is a great luxury SUV no matter the price or trim level. - Source: Internet
- In the past, we’ve considered the Lincoln Navigator to be just a slightly more upscale version of the Ford Expedition it’s based on. That changed with the latest Navigator, which has a premium identity all its own and is one of our favorite full-size luxury … SUVs. The Navigator can still leverage its truck-based roots to tow up to 8,700 pounds, yet it surpasses expectations when it comes to passenger comfort. All occupants will enjoy a roomy cabin with fantastically supportive seats, while front passengers can lounge in Lincoln’s optional 30-way Perfect Position seats with massage. You’ll also find plenty of room in back to store gear, especially if you order the Navigator L, a longer version with additional cargo space. - Source: Internet
- The primary reason for the growth in the luxury-car segment involves the continued increase of ultra-high-net-worth individuals (UHNWI), people with more than $30 million in investable assets, and high-net-worth individuals (HNWI), people with assets ranging from $1 million to $30 million. With more millionaires (and billionaires) in more places, the nexus of sales growth for luxury automobiles has shifted from North America and Europe to Asia and the Middle East. This new, more regional demand for high-ticket automobiles has attracted new entrants to the market because of strong geolocation and technology shifts, especially in China, resulting in more new-product launches. - Source: Internet
- The luxury segment will likely see significant shifts in its geographical makeup, with nontraditional markets such as China gaining momentum. We expect the Asia–Pacific region to have the highest growth for the forecast period, propelled by factors such as an increase in UHNWIs and HNWIs between 2021 and 2026. For instance, predictions put the percentage growth in the UHNWI population in Asia at 33 percent compared with 28 and 27 percent in the United States and the European Union, respectively. During the same period, the number of UHNWIs in China alone should increase by more than 250 percent, albeit from a small base. Growth trends in the HNWI population should exceed those of the UHNWI cohort, increasing by more than 60 percent in Asia compared with less than 53 percent in the European Union and the United States between 2021 and 2026. - Source: Internet
- The GLB is an affordable and attractive luxury SUV. Its boxy shape gives it a distinctive look while providing extra passenger and cargo space. Throw in some of the best technology features on the market and you’ve got a top pick in the small luxury SUV … - Source: Internet
- Under McKinsey’s accelerated scenario, battery-electric vehicles (BEVs) will be dominant across all luxury-segment tiers by 2031, but the degree of adoption will vary based on the price band. Our research reveals an openness to EVs among affluent customers, who increasingly value sustainability. For instance, globally, more than 70 percent of current owners of premium and luxury internal-combustion-engine (ICE) vehicles are willing to switch to EVs during their next vehicle purchase. - Source: Internet
- Conditioned by their exposure to luxury-goods experiences in other retail environments, affluent consumers today seek continual engagement and personalized experiences when shopping for luxury cars (Exhibit 5). These experiences have often been shaped in highly controlled environments, in which the luxury OEM controls the end-to-end customer experience. The challenge for luxury automotive OEMs is that this type of exclusive treatment has been difficult to replicate in a traditional franchised-dealership channel given the potential conflicts in data ownership and challenges in building a seamless omnichannel experience, which has made it difficult to ensure consistent, personalized customer engagement. For example, luxury-car buyers likely expect a highly personalized, exclusive sales or service experience instead of waiting in line (as could happen at a dealership), especially given the singular treatment they receive at other luxury retailers. - Source: Internet
- Our list of top-rated luxury SUVs is the result of hundreds of hours of driving, testing and comprehensive evaluation. We take each vehicle to a private test track, where we measure acceleration, braking and handling performance. Next, we drive it on a 115-mile loop that tests how it performs on city streets, through twisty mountain curves, and in high- and low-speed freeway conditions. Finally, our editors take a turn at the wheel and come to a consensus on an overall rating for the vehicle relative to its competitive set. - Source: Internet
- 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. - Source: Internet
- The smallest SUVs are also the most affordable, but that doesn’t mean they offer the best value. While subcompacts have relatively low price tags, overall refinement may fall below the standard set by their lofty nameplates. We recommend comparing these models with others that are a size larger to determine whether the most affordable luxury SUVs are right for you. - Source: Internet
- Rolls-Royce finally entered the increasingly competitive luxury SUV market in 2018 with the Cullinan, named after the famous Cullinan Diamond. A Rolls-Royce Cullinan makes enough of a visual statement on its own, but this one is even more distinctive thanks to its Mansory body kit. Finished in blue and white with white coach lines over a white interior with ample wood trim, it is located in Dubai and shows 1500 km (932 miles). Other features include heated/cooled/ventilated/massaging seats, rear seat tables with entertainment display screens, and a 360-degree camera. - Source: Internet
- Some exciting models are coming up in 2022, with improved ranges from previous years and better safety and tech features. But perhaps, one of the best things about PHEVs is that they’re an excellent way to get started on electrification, especially with proposals like the ones we bring today. In addition, these luxury PHEVs offer excellent performance and great design. - Source: Internet
- $80,000 to $149,000: This segment will see rising competitive intensity due to the growing importance of new attackers. By 2031, the segment is expected to grow by more than 8 percent per year, exceeding three million units, more than double 2021 volumes. The segment will observe heightened competition with the entry and expansion of new attackers, which will help expand the market’s size, giving consumers more options across price points. Incumbents will continue to dominate the market through timely product upgrades and new launches. For example, a leading German OEM in the $80,000-to-$149,000 segment will likely launch up to five new products, helping the company maintain its market control. - Source: Internet
- Customer expectations for luxury cars are rapidly evolving, spurred by luxury brands beyond automotive. Automotive players must keep pace because customers remember their best experiences as benchmarks. Many buyers seek a mix of seamless customer experiences that includes simplicity, omnichannel reach, customization, and experiential diversity. - Source: Internet
- The Mercedes GLS is so much bigger and so much nicer than three-row luxury SUVs like the Audi Q7 and Volvo XC90 that it’s elevated beyond them into the uppermost echelon of luxury SUVs: the flagships. That it has three rows is in some ways just a bonus for those seeking the most advanced SUV Mercedes has to offer (the Maybach GLS 600 doesn’t even have it), but that aft-most row is also genuinely adult-friendly, which is rare among luxury makers. As such, the GLS can at once compete with the Range Rover and Navigator … not to mention the Bentley Bentayga and Rolls-Royce Cullinan when in Maybach guise. Of course, we think the Maybach and AMG GLS 63 versions are borderline offensive in their overkill and extravagance, but if you want the best, then it’s certainly hard to argue against them. - Source: Internet
- Mercedes-Benz began selling the C-Class PHEV in September 2021 with a homologated range in electric mode between 55 and 68 miles, depending on the version. The gross capacity of the battery is 25.4 kWh. - Source: Internet
- The luxury market is where the action currently is in the automotive world. In addition to traditional comfort, convenience, entertainment, and safety features, luxury cars bristle with advanced connectivity elements, autonomous-driving options, and the latest powertrain electrification technologies. They also have some of the strongest brands in the industry. - Source: Internet
- While many luxury SUVs come well-equipped, they all offer myriad options and features for a somewhat custom feel. Look for frills such as leather upholstery, keyless entry and a sunroof for a true luxury experience. Heated and ventilated seats are must-haves for many shoppers but aren’t always available on smaller luxury SUVs. Modern safety features, including 360-degree parking cameras and blind-spot monitoring, are essential for easily placing large SUVs on the road. - Source: Internet
- This year marks the introduction of the fifth generation Cadillac Escalade, and this is a brand new one with just 502 miles (808 km) showing and a 4-year/50,000-mile warranty. Located in Jackson, Mississippi, it is finished in Crystal White Tricoat over Jet Black leather and comes with air ride adaptive suspension, soft close front and rear doors, custom tinted market lenses, head-up display, power panoramic sunroof, heated steering wheel, heated and ventilated front seats, and hands-free power liftgate. Like most 2021 Escalades, it has a 6.2-liter V-8 under the hood mated to a 10-speed automatic. - Source: Internet
- At $35,045 to start, the Audi Q3 is one of the most affordable small luxury crossovers, but it’s also among the most desirable. The Q3 offers easy-to-use technology, comfortable seats, a compliant ride and responsive steering. Standard features include a power tailgate, three-zone climate control, a panoramic sunroof and more, making the Q3 a strong luxury value. It’s not the sportiest choice in the segment and it doesn’t have the biggest trunk, but the Q3 is still a great car at a great price no matter how you slice it. - Source: Internet
- Conditioned by e-commerce platforms that offer innovations such as one-click purchases, China’s luxury-car buyers want their cars to integrate seamlessly with local digital offerings and ecosystems. Roughly 80 percent of prospective luxury-car buyers in China are willing to trust a new brand, provided the car offers integration with the local ecosystem. However, few car OEMs have the necessary consumer-centered DNA in their operating models to meet this consumer demand. As a result, they risk missing the chance to establish a price premium, thus potentially becoming uncompetitive. - Source: Internet
- There’s a modicum of pavement escape built into nearly every luxury SUV, but there’s another class of people mover that prioritizes off-road prowess above and beyond the occasional gravel road or grassy lawn. The 2022 Land Rover Defender (available in two-door 90 and four-door 110 editions) reintroduces the brand’s most rugged model to American audiences, walking the line between hardcore, go-anywhere adventure and refined daily driving. Matched with a range of turbocharged engine options and upright, near-retro styling, the Defender is the upscale alternative to the Jeep Wrangler we’ve all been waiting for. - Source: Internet
- The LX is Lexus’s full-size luxury SUV offering and has been since the mid-1990s. The LX 570 gets a 5.7-liter V-8, hence the name. This one, located in Dubai, is represented as an “MBS Autobiography” model, and comes with German Nappa leather, extra rear passenger legroom, a Mark Levinson stereo, and 21-inch alloy wheels. - Source: Internet
- Naturally, midsize luxury crossover SUVs are more expensive than their subcompact and compact stablemates. But they aren’t prohibitively pricier, and growing families who need extra passenger or cargo room will appreciate the added versatility. The materials and build quality tend to be superior as well, and you’ll find high-end features that aren’t available on smaller SUVs. - Source: Internet
- The Aviator may share its platform with the Ford Explorer, but there’s nothing mundane about this luxury SUV’s style. Convincingly upscale inside and out, the Aviator just might be the most impressive American luxury SUV on the market. Whether you go with the plug-in hybrid variant or the standard spec, you’ll enjoy big-time acceleration and exemplary refinement. Just don’t expect a roomy third row — the kids will fit back there, but adults won’t be happy. - Source: Internet
- It’s taken nearly a decade of solid design effort, but Volvo is finally a true luxury contender — and perhaps its most compelling offering is also one of its most affordable. The 2022 Volvo XC40 is a stand-out in a segment traditionally dominated by German compact SUVs, a vehicle that flaunts its attractive lines and surprisingly upscale interior without sacrificing the utility that buyers expect from a small people mover. The most individual option in a sea of familiar faces, the XC40 drops the sporty façade put up by most premium haulers and emphasizes day-to-day comfort and style over corner-crushing calisthenics. - Source: Internet
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