Top 10 Luxury Cars of 2022
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The luxury car segment is booming, with growth fueled by a rise in ultra-high-net-worth individuals—people who have more than $30 million in investable assets. This group has grown faster than the general population, and their desire for status symbols is the primary driver of new-car sales for cars that cost more than the median household income. The full-size luxury sedan category in particular is a tough act to beat. These machines are beautiful and thrilling, and they offer rear seat passengers the kind of comfort only available in first-class transatlantic flights.
Of course, there’s a lot more to a luxury vehicle than buttery leather and exotic wood trim. Manufacturers understand that, and now many of them offer ownership perks that make time spent in their cars as much a luxury experience as shopping at Neiman Marcus or a stay at the Four Seasons. These services and benefits might be as important to the buyers of these vehicles as their swanky exterior designs.
While the traditional luxury saloons that used to dominate this class continue to be a big draw in 2022, the number of SUVs on this list is increasing as more consumers are willing to spend money on the luxury experience even in a truck form. A few of these options also feature plug-in hybrid or electric powertrains.
As always, European manufacturers are leading the way on this list. BMW, Audi, and Mercedes-Benz all nabbed top spots for the second year in a row, with Volvo close behind. Porsche climbed into the mix this year to take fifth place, and Jaguar and Alfa Romeo both gained ground as well.
The defining characteristics of these vehicles are their exceptional engineering and captivating finishes. They all have the ability to inspire a sense of awe and create memories that will last for years to come.
A luxury car may not be a practical choice for everyone, but it’s definitely a statement of success and wealth that can be hard to match in any other category. The luxury cars on this list are all capable of transporting you in opulence and style, no matter how long or short your commute is.
Keep in mind, that although all these luxury cars are priced at the upper end of the spectrum, there is no one-size-fits-all definition of what defines a luxury vehicle. Many of the SUVs on this list, like the BMW X7 and the Porsche Cayenne, are just as luxurious as any sedan. And don’t forget that you can save money on most of these cars by buying them used. They’ve already had the depreciation hit of a brand-new model, and you can often get more luxury features for the same price. Just be sure to research the car thoroughly before you buy it, as most of these cars will have not undergone a large-scale consumer testing and evaluation.