By: James ClementsEditor-in-chiefA luxury car is no longer the only luxury in a world where people are still finding ways to get around with fewer amenities.
While the luxury segment has seen an uptick in luxury vehicles in the past few years, the luxury vehicle market still remains fragmented, according to a recent report from LuxuryCarData.
The report found that luxury vehicles accounted for less than 1% of total car sales in 2016, down from a peak of 6.4% in 2014.
Luxury vehicle sales have also fallen in the U.S. during the past three years, dropping from an all-time high of 3.4 million vehicles in 2017 to just 3.3 million in 2018.
Luxuriness has seen a similar decline in Europe, where it dropped from 4.2 million vehicles sold in 2018 to just 2.7 million in 2019.
Despite that, Luxury CarData said there is plenty of room for luxury vehicles.
There are over 1,000 luxury brands on the market, with a combined market value of more than $1.5 trillion.
While there are plenty of niche brands in the luxury car space, Luxurys top-tier brands are still the mainstay of the luxury market.
Here’s a look at the top 10 luxury car brands in America:Audi: Audi’s iconic brand has seen its share of major brands drop in recent years, especially after a recent recall of its luxury SUV and the launch of the all-electric Mini Cooper.
But Audi continues to be a major brand, with brands such as Porsche, Lexus, Mercedes-Benz, and BMW leading the luxury automobile world.
Its flagship model, the Q7, is Audi’s most powerful and luxurious model, and is now available with a $30,000 price tag.
Its predecessor, the Passat, also launched in 2017, with an additional $35,000 premium.
In 2018, Audi launched the all new Q7 Premium.
Mercedes-AMG is another brand that has seen significant brands drop as luxury brands become more popular.
However, Mercedes still has a large presence in the premium car segment, as its brand is the top seller of the Q series.
BMW continues to hold a strong position as luxury brand in the United States.
Cadillac is another luxury brand that saw a major drop in sales, with its luxury brand, Cadillac Escalade, dropping to just 1.4 percent market share in 2018, down sharply from 1.7 percent in 2017.
The Audi brand is also a large player in luxury home shopping, and luxury cars are also becoming more popular for this reason.
The brand has a loyal following among the masses, and Audi continues the trend of creating more luxury products to appeal to this growing segment.