The Luxury Cars Market segment includes passenger cars of an average footprint around 5m2 (54 ft2), an average mass around 2200kg (4850lbs) and a passenger/cargo volume larger than 3.4 m3 (120 ft3). Models of this market are also characterized by their high price. There are numerous companies that produce exclusively for this market.
- European Car Segment: F (Luxury Cars)
- US Car Segment: Large Cars
- Chinese Car Segment: Category B
- Also known as: Full-size Luxury Cars, High-end Luxury Cars, Oberklasse
The Luxury Cars Market existed as long the automotive industry, with manufacturers offering their premium models to the upper economic class. Initially dominated by European and American companies, the market structure changed significantly in the 1990’s when the Japanese manufactures Honda, Toyota and Nissan launched their luxury brands Acura, Lexus and Infinity, respectively.
In general, the market for Luxury Cars is highly influenced by the distribution of wealth within a country / region and shows high se
nsitivity to recession periods.
Example Models: Audi A8, BMW 7 Series, Jaguar XJ, Mercedes-Benz S-Class, Porsche Panamera.