Luxury Cars Are a Symbol of Wealth and Status
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Luxury cars have long been a symbol of status and wealth. They’re usually equipped with more equipment than mainstream vehicles and are designed to outperform inferior alternatives.
While some consumers may be content with a loaded mainstream vehicle, others want to stand out from the crowd at the local country club or when attending their next formal event. For those consumers, a luxury car might be the right choice. Luxury cars range from sedans to SUVs, with many offering superb comfort and high-tech entertainment features. They also tend to depreciate more slowly than mainstream vehicles, making them a smarter investment overall.
For the 2023 model year, search interest for luxury vehicles is up by more than 40% compared to last year. European manufacturers continue to dominate with BMW, Audi, Mercedes-Benz, and Porsche grabbing more than 60% of searches. The only newcomer to the top ten is Volvo, while Ferrari and Alfa Romeo see significant gains. The emergence of electric vehicles is likely to cause some shifts in the top ten over time.
If you’re shopping for a used luxury vehicle, be sure to look at the Car Fax report before making any final decisions. A used Car Fax will reveal any reports of accidents, vandalism, theft, and other problems that could affect the value or safety of a luxury vehicle.
Luxury cars come in all shapes and sizes, from sleek two-door sports coupes to spacious five-seat luxury SUVs. They’re often equipped with premium materials like leather, wood trim, and a superior audio system. Depending on the brand, you may even be able to choose from a variety of different paint colors or other options for your new vehicle.
The current BMW 7 Series might not appeal to everyone’s tastes, but it’s a technological tour-de-force that keeps the idea of the luxury sedan alive in an era when more and more buyers are gravitating towards SUVs. For something truly unique, try the Rolls-Royce Ghost, which offers incredible comfort and nearly limitless customization to make it truly your own.
Bentley’s Bentayga is another SUV that’s brimming with luxury. It’s not only great to drive, but it can also be fitted with a $160,000 dashboard clock called a Breitling tourbillon. It’s one of the most expensive car accessories ever made, but it’s definitely something that can be considered an investment.
If you want a traditional luxury sedan, be sure to check out the Mercedes-Benz S-Class. It’s an engineering marvel that combines comfort, style, and performance to create one of the best cars on the market. For something more affordable, you can’t go wrong with the Audi A8, which is packed with luxury features and has an impressive EPA-estimated fuel economy rating. If you’re looking for something a bit more modern, the i7 from BMW is an all-electric luxury vehicle that gives a glimpse of what the future holds for cars when the world fully transitions to greener energy sources.