Millennials and boomers drive luxury car sales – not the “one per centers”
2014 Volvo S60 Though often overshadowed by the big-name players from BMW, Mercedes-Benz and Lexus, KBB says the Volvo S60 offers some of the finest luxury appointments, driving characteristics, and safety technology in the segment. 2014 Buick Enclave For the family in search of an upscale SUV with seating for seven, well-mannered driving dynamics, and innovative safety features like an industry-first front center airbag, the Buick Enclave delivers on all counts, yet does so for thousands less than the competition. 2014 Acura RDX While it may not have the prestigious curb appeal of its European rivals, the Acura RDX stands out for its ability to so effortlessly blend the core elements of luxury motoring with compelling value for dollar. 2014 Mercedes-Benz CLA-Class Move over C-Class, there’s a new most-affordable Mercedes in the lineup. The all-new CLA starts around $30,000, combining striking looks and responsive performance with highway fuel economy of 38 mpg. More than just a wallet-friendly way to enter the realm of the 3-pointed star, KBB says the CLA is arguably the best-looking Mercedes sedan available at any price.
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New luxury cars unveiled at Auto Expo 2014
DesRosiers says these luxury buyers are now driving high-end intermediate and large SUVs more than 50,000 of them were sold last year, in fact. The growth in luxury car sales cars, not SUVs is in down-market models such as Mercedes-Benzs new CLA and the new 2015 Audi A3 sedan, both of which start in the low-$30,000s. The so-called wealth effect is tempting baby boomers to buy Mercedes, Audi, BMW, Lexus or Infiniti. DesRosiers thinks boomers and millennials are going to drive luxury car sales to as much as 13 or 14 per cent of the total market this decade 240,000-260,000 in actual sales.
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Sachin Tendulkar poses with a BMW i8 hybrid car at the 12th Indian Auto Expo. (AP Photo/Saurabh Das) BMW India presented the new generation of individual mobility by unveiling the i8, X5 and M6 Gran Coupe. The company launched BMW 3 Series Gran Turismo which will be available at dealerships from in March in diesel variant with price of about Rs.42.75 lakh. The company will also launch its M6 Gran Coupe by mid-2014 and its plug-in hybrid car i8 which uses both electric and petrol engine by the end of 2014. “As a sign of our commitment to this market (India), we will bring our revolutionary BMW i8 to India later this year,” said Philipp von Sahr, president, BMW Group India.
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Luxury car dealer who sent 400 cars to India using fake papers from UAE arrested in Delhi
The Keralite has been identified as Alex C. Joseph, 52, alias Abey John. Prasad said: The allegation in the FIR of the CBI case is that the said private person in connivance with officials of the Directorate of Revenue Intelligence and unknown others had imported luxury vehicles (cars) through Indian seaports violating pre- and post-import provisions and in this process, cheated and caused loss to the tune of Rs484 million (Dh28.5 million) to the Government of India in the matter of import duty. investigation A case had been earlier registered against the person at Palarivattom Police Station for using a fake passport. The case is under investigation.
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