Others. Sunday , December 03rd , 2017 - 14:49:10 PM
Quote from Luxury Car Sales Are On the Rise :
Like most industries, the car business has suffered over the last few years due to the economic crisis. However, recent reports show that the industry has picked up again within the last year, which is great news for auto manufacturers and consumers alike.
Affluent customers can be thanked for the increase in average price paid per vehicle. They are leading the way back into the new car market, which is a positive sign for the economy and, more specifically, the auto industry. This dive back into the luxury market is likely due to a new attitude among wealthy consumers. Their financial situations have improved from where they were a year ago, and as a result, these customers have more of a disposable income to spend and feel less guilty about doing so. Affluent car buyers now feel free to go all out and buy that car they have been wanting for a while.
Trucks and SUVs have also been making a comeback this year and accounted for 54% of the market in October. Luxury SUVs and crossovers have both experienced a considerable increase in sales in 2010. Lower gas prices and increased fuel economy on larger vehicles can be attributed to this boost in sales.
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