Executive Automotive Analyst
NADA Used Car Guide
As the US economy has undergone its fifth year of recovery, it’s been interesting to observe how luxury vehicles have changed over time – during a time when perceived value has gained in importance. Luxury vehicles are perceived to be worth the cost. Between 2009 and 2013, total light vehicle sales in the United States increased by over 49%; when excluding mainstream vehicle deliveries, we see that luxury sales increased by over 62%.
On Luxury Car Side, Compact Cars Have Seen Best Performance:
With 48.8% of retention at three-years old and 4.96% share of new vehicle sales compared to 2.85% for all other luxury car segments combined.
Heavy Demand for Used Luxury CUVs Bringing Highest Retention in Luxury:
Luxury CUVs also had greatest market share at 4.3% versus 0.66% for luxury SUVs.
Luxury Compact and Mid-Size Car Supply Will See Much Growth in 2014–15:
Used inventory is expected to rise by 23% and 21%, respectively, while falling by 2% for luxury large cars.