Although there is no clear-cut definition of the term "luxury car", it is often used to refer to a vehicle segment that demands a higher price for providing excess features going beyond the necessary considerations for normal use. The luxury car segment was originally created to target customers who were interested in displaying their ostensibly higher social status by purchasing vehicles that were conspicuously more expensive and of higher-quality. Alongside luxury cars, other existing segments include crossover vehicles, sport utility vehicles (SUVs) and compact, midsize and large cars. The luxury car segment currently makes up about six percent of the U.S. car market, while crossover vehicles account for the largest segment at approximately 35 percent.
Luxury car brands are known to organize as solo companies (e.g. BMW) or as a subsidiary of a larger automaker, such as Cadillac of General Motors. Some of the leading premium car brands include Daimler's Mercedes-Benz, Toyota's Lexus, BMW, Volkswagen's Audi, GM's Cadillac, Honda's Acura, Nissan's Infinity and Ford's Lincoln.
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