: The preference for SUVs and crossovers over traditional sedans continues to grow globally, with SUVs leading in volume growth across major markets like China.
: Millennials and Gen Z are now the primary growth engines of the luxury industry. These buyers prioritize sustainability and are often "in-market" for less than 18 days before making a purchase. luxury car buying trends
: China is projected to become the fastest-growing market for ultra-luxury vehicles (priced above $300,000), potentially making up 30-35% of the global volume by 2031. Leading Luxury Brands by Sales (U.S. 2024) Five Key Factors Driving Luxury Car Market Growth - Studocu : The preference for SUVs and crossovers over