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Premium and Luxury Cars in the US

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    Report

  • 16 Pages
  • June 2022
  • Region: United States
  • Euromonitor International
  • ID: 5004073
Despite the sharp decline in sales of premium and luxury cars in 2020, sales boomed throughout 2021, as wealthy people became wealthier, and the remaining pandemic-related restrictions limited consumers’ need for and spending on other luxury goods, such as experiential luxury. In 2022, although strong growth will continue, the boom in premium and luxury cars is expected to slow down, for multiple reasons, from consumer purchasing patterns to supply chain shortages.

This report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2026 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Premium and Luxury Cars market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

KEY DATA FINDINGS
2022 DEVELOPMENTS
  • The boom in luxury cars slows down, but growth continues in 2022
  • Tesla and super-premium brands expand their shares in the post-pandemic era
  • Supply chain shortages hamper production and delay the launch of new models
PROSPECTS AND OPPORTUNITIES
  • Long-term growth predicted, but shortages will be impactful in the short to mid term
  • Luxury car makers’ race into fashion will continue to attract young consumers
  • Electric vehicles will continue to expand their share in premium and luxury cars
CATEGORY DATA
  • Table 1 Sales of Premium and Luxury Cars: Value 2017-2022
  • Table 2 Sales of Premium and Luxury Cars: % Value Growth 2017-2022
  • Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2017-2021
  • Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2018-2021
  • Table 5 Forecast Sales of Premium and Luxury Cars: Value 2022-2027
  • Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2022-2027
LUXURY GOODS IN THE US
EXECUTIVE SUMMARY
  • Luxury goods in 2022: The big picture
  • 2022 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?
MARKET DATA
  • Table 7 Sales of Luxury Goods by Category: Value 2017-2022
  • Table 8 Sales of Luxury Goods by Category: % Value Growth 2017-2022
  • Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
  • Table 10 NBO Company Shares of Luxury Goods: % Value 2017-2021
  • Table 11 LBN Brand Shares of Luxury Goods: % Value 2018-2021
  • Table 12 Distribution of Luxury Goods by Format and Category: % Value 2022
  • Table 13 Forecast Sales of Luxury Goods by Category: Value 2022-2027
  • Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
SOURCES
  • Summary 1 Research Sources