Luxury vehicles are those vehicles providing luxury, pleasant or desirable features beyond the thought of necessity at increased expense. The Luxury term describes a higher quality equipment, better performance, more comfort, higher design, technologically and some other features that convey an image, brand, status any other discretionary features.
This term also applied to any vehicle type including sedan, coupe, hatchback, station wagon, and convertible body styles as well as minivans, crossovers, and sport utility vehicles and any size vehicle. Luxury and Premium brand has no more difference in price range; even both have extra ordinary features than other vehicles. In simple way both are equivalent in terms of features and price range.
Luxury vehicles makers may either be stand-alone companies such as BMW and Mercedes, or a division/subsidiary of a mass market automaker such as Lexus. Contemporary luxury cars also offer higher performance and better handling, which has known as sport luxury. In Europe, large displacement engines are often heavily taxed and high priced.
In Luxury vehicles has feature such as safety technologies, comfort amenities, anti-lock brakes, electronic stability control and DVD entertainment systems. In common luxury cars has rear-wheel drive with longitudinal engines. European brand like Mercedes-Benz, BMW, and Jaguar have never adopted front-wheel drive and entirely made up of FR cars. Japanese brands such as Lexus and Infiniti also have predominantly made up of FR cars. The FR layout is almost very expensive than the FF. It allows a higher performance engines, better handling, and a smoother ride.
In US car market, Lincoln and Cadillac had long been the best selling and 2nd best selling luxury cars until 1998, when they were overtaken by Japanese and German brands. Mercedes-Benz and BMW were top selling luxury import until 1991, when they have overtaken by Lexus. Since 2000, Lexus has been the number-one-selling luxury car brand in the U.S.
In 1930, due to recession first time luxury car market suffered considerably.
The entry level luxury vehicle has been very competitive in pricing with well equipped non-luxury cars. In Canada, there are several luxury vehicles set sales records in 2009. In September, 2009, BMW, Mercedes-Benz, Lexus and Audi all saw their Canadian sales.
In 2010, BMW was the best-selling luxury vehicle manufacturer by sales, ahead of rivals Audi AG and Daimler AG’s Mercedes-Benz brand.