/ Industry, News, Sales Reports / U.S. auto luxury sales rise through July

U.S. auto luxury sales rise through July

Linked In Share
U.S. auto luxury sales rise through July

This July sales have increased faster than the rest of the year, with luxury brands like Mercedes-Benz, Lexus and BMW growing the industry by almost 16%, even if they represent only 10.8% of the overall U.S. market.

Luxury car sales grew 6% through July, while mass market cars only gained 1%. Most luxury cars were up by double digits, including Lexus with 19%, Mercedes-Benz with 15% and BMW, with 10%. The news weren’t so good though for Cadillac and Acura, which fell behind.
July’s rate was 16.5 million, just a bit below June’s of 16.9 million, the highest in the past eight years. The U.S. luxury sales are predicted to top 1.8 million this year and to surpass the 1.83 million landmark from 2007.
According to Experian Automotive, luxury sales have increased with the help of record-high lease rates, as in the first three months of 2014, 30.2% of all the new vehicles were leased.

Asbury Automotive, that gets more than 1/3 of its new cars revenue from its luxury-brand dealerships posted records indicating their profits went up 33% compared to last year. Only three luxury brands stated their sales declined in 2014 – Cadillac, Acura and Volvo. Johan de Nysschen, former head of Audi, took over last week as president of Cadillac and plans to turn it again into one of the industry’s fastest-growing brands.
Audi’s new A3 and the CLA from Mercedes targeted buyers who look for these brands in the same price range as a family sedan. Contributing to the luxury sales gain, crossovers are also trending, as the redesigned Acura MDX, Lexus RX and Mercedes M class are highly contributing to the luxury auto sales this year.

By Gabriela Florea

by Cristian Gnaticov (my Google+) - Monday, August 4th, 2014 - filed under Industry, News, Sales Reports. Image credit: .
Linked In Share
Related Articles
2014 luxury sales united states us


Discuss: U.S. auto luxury sales rise through July

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

[VIDEO] Euro NCAP: 5 stars for the Mercedes-Benz V-Class and Nissan X-Trail
[VIDEO] Euro NCAP: 5 stars for the Mercedes-Benz V-Class and Nissan X-TrailThe new generation of the Nissan X-Trail, along with the Mercedes-Benz V-Class, have scored a total of 5 stars at the latest Euro ...
[VIDEO] Euro NCAP: Citroen C4 Cactus scores 4 stars
[VIDEO] Euro NCAP: Citroen C4 Cactus scores 4 starsThe Citroen C4 Cactus, the newest edition to the European range of the company, has managed to score just four stars during the ...
Mercedes-Benz MLE facelift spied
Mercedes-Benz MLE facelift spiedAn updated version of the Mercedes-Benz MLE has been caught on camera while it was being tested out on the famous German track, ...
Honda Civic Type R caught on camera
Honda Civic Type R caught on cameraThe upcoming hot hatch made by Honda, the Civic Type R, is currently being tested out in Southern Europe and it is getting ready ...
Who’s going to steal the spotlights at the Paris Motor Show?
Who’s going to steal the spotlights at the Paris Motor Show?Marred by all the financial data and business strategy games we’ve been telling you about, you might be expecting just as ...
Facelifted Porsche Cayman spy shots
Facelifted Porsche Cayman spy shotsThe facelifted version of the Porsche Cayman has been caught on camera at the Nurburgring where it was being tested out. Porsche ...
Seat Leon ST Cupra spied
Seat Leon ST Cupra spiedA new version of the Seat Leon ST, the Cupra, has been recently spotted out while it was being tested in Germany, near the ...
Volkswagen Passat Alltrack planned
Volkswagen Passat Alltrack plannedVolkswagen has announced its plans to introduce an Alltrack version of the new generation Passat, which will go on sale in ...
Aston Martin Lagonda – new images released
Aston Martin Lagonda – new images releasedThe British based automaker Aston Martin has released a new set of images with the impressive Lagonda, in its final production ...
Honda hits back after F1 delay reports
Honda hits back after F1 delay reportsOct.1 (GMM/Inautonews.com) Honda has apparently hit back at rumours its 2015 F1 programme is facing delays. Italy's Autosprint ...
Sauber and de Silvestro split – report
Sauber and de Silvestro split – reportOct.1 (GMM/Inautonews.com) Simona de Silvestro's road to formula one appears to have ended. Until now, the 25-year-old female ...
Seat milestone: 5 million Ibizas produced and 30th anniversary of the model
Seat milestone: 5 million Ibizas produced and 30th anniversary of the modelThe Spanish based automaker Seat is currently planning a double celebration of the popular Ibiza with 5 million models produced ...
McLaren P1 Lime Green spotted in China
McLaren P1 Lime Green spotted in ChinaA Lime Green finished McLaren P1 has been recently spotted while cruising the streets in China and attracting a lot of ...
Ford also turning the heavy-duty pickup trucks to aluminum
Ford also turning the heavy-duty pickup trucks to aluminumThe top-selling F-Series pickup truck has a new generation that will hit dealer lots late this year, with the primary novelty ...
Dacia Sandero Midnight Edition introduced in the UK
Dacia Sandero Midnight Edition introduced in the UKDacia has recently introduced a new special edition of the popular Sandero, the so-called Midnight Edition, in the United ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Spy-Shots of Cars
Spy-Shots of Cars
005-2016-mazda-mx5-miata-1
Spy-Shots of Cars
Spy-Shots of Cars
Lagonda
lime green mclaren p1 1
dacia sandero midnight 1
2015 Honda CR-V United States 1
Chevrolet Camaro SS tuning gme exclusive 1
fiat 500 camouflage
Citroen-C3-XR-1

More automotive from inautonews
The new generation of the Nissan X-Trail, along with the Mercedes-Benz V-Class, have scored a total of 5 stars at the latest Euro NCAP crash tests. If you are looking into the new Mercedes-Benz V-Class and safety is one major concern, don’t worry, because the model has scored a maximum of 5 ...
read more
Inautonews Editors Section
Test Drive: Honda Civic Tourer 1.8 Executive MT
Test Drive: Honda Civic Tourer 1.8 Executive MT The new generation of the Honda Civic, has added, for the first time ever, an estate version, which is aimed towards families who aren’t exactly ...
Test Drive: Mercedes-Benz SLK 250 AT
Test Drive: Mercedes-Benz SLK 250 AT The new generation of the Mercedes-Benz SLK has been introduced back in 2010 and production began one year later. The roadster has seen the public ...
Test Drive: Mercedes-Benz ML 250 BlueTEC 4MATIC
Test Drive: Mercedes-Benz ML 250 BlueTEC 4MATICThe off-road adventure for Mercedes started in America back in 1997 with the introduction of the original M-Class generation. The model was notable ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety [VIDEO] Euro NCAP: 5 stars for the Mercedes-Benz V-Class and Nissan X-TrailThe new generation of the Nissan X-Trail, along with the Mercedes-Benz V-Class, have scored a total ... [VIDEO] Euro NCAP: Citroen C4 Cactus scores 4 starsThe Citroen C4 Cactus, the newest edition to the European range of the company, has managed to ...
Safety Section