Luxury Car Industry

The Study of the Global Luxury Car Market this year highlights the key dynamics of the global luxury car market. The ever growing opportunity in this sector has been investigated along with insights of the five important markets of luxury cars: Europe, United States, China Middle East and India.
The performance of key global players: BMW AG, Volkswagen AG, Daimler AG, General Motors Company and Tata Motors Limited along with existing market scenario has also been studied. The report covers latest industry leaders verbatim.

Luxury Car

The global luxury car market has thus far been relatively untouched by the grave financial crisis and has been by far posting growth driven by different emerging markets.

Car Market

All three main German players BMW, Mercedes-Benz and Audi account for around 80% share of the global luxury car market.

BMW Car

Undoubtedly BMW is the global leader in the luxury car market, followed by Mercedes-Benz and Audi in that order.

The US Luxury Car Market

While the most manufacturers are struggling the world over with profit margins, the ones that manufacture high-end cars are comfortably enjoying ever increasing sales.In the US luxury car market, in the recent years, it is the crossovers and SUVs, which have been showing growth in sales. Last year, the two leading players in the market- Lexus and Mercedes-Benz didn’t report growth in sales of their high-end cars as compared to its non-SUV models.

The Ultra Luxury Cars

The market in the US is now diverging into two distinct categories, the budget car, and the ultra luxury cars.The demand for luxury cars in Europe had been at a low for about two decades and then started recovering slowly from 2014. Amidst the gloomy economic situations prevailing in most European markets, the players such as BMW have still managed to maintain volumes of their higher end models.In China, the segment of luxury cars is witnessing strong growth this year.

Luxury And Supercar

New millionaires in China were added by 10% in 2016 annual. Notwithstanding the government's austerity measures, sales of ultra-luxury and supercar sales haven’t slowed down in China.India is also one of the biggest passenger car markets in the world and the manufacturers- both in the passenger and luxury segment witness a huge potential for growth in the country.

Comparison

For obvious reason the penetration level of the luxury car market is lower in comparison here but bigger names in the luxury car manufacturing are now enthusiastic on the market's potential.

Second-Largest Market

As of now the Luxury car penetration in India stands at 1.1%.And finally, in the GCC region, the UAE is the second-largest market after Saudi Arabia.

Car

U.A.E. is largely dependent upon imports and almost the complete supply of car, as well as the light vehicles, is imported.

Luxury Goods Market

Because of the low oil prices and global macroeconomic factors, luxury goods market in the Middle East has been affected. During the last decade the market of personal luxury goods witnessed a gradual annual growth of 8-10%, it is poised to drop to around 4-5% in the coming few years.

How Can Luxury Travel Agencies Help Travelers Plan The Trip Of Their Dreams?

Luxury travel agencies serve travelers who are interested in luxury tourism. Just like other types of travel agencies, agents who work at luxury travel agencies research transportation options and book transportation reservations and they also find and book hotel and other accommodations for their clients. Some luxury travel agencies even help travelers book and schedule a variety of activities they can enjoy once they arrive.

Luxury travel agents can provide administrative services also such as:

• Providing travel insurance
• Helping clients meet visa and passport requirements
• Immunization information if necessary

However, luxury travel agencies do differ from traditional travel agencies in that they focus on providing their clients personal services and extraordinary travel destinations that many travelers may not be able to afford. These types of agencies generally advertise in specific print publications or online. They tend to market their services and products to a certain demographic of affluent travelers.

What Are Examples Of Luxury Tourism?

Examples of this type of tourism include:

• Destination weddings
• Honeymoon destinations
• Exotic vacations
• Luxury corporate travel

There are some agencies that specialize in specific destinations or activities. For example, a luxury travel agency may only book around the world cruises or destination vacations to the Caribbean.

These agents frequently search for the very best in exclusive services and accommodations in a specific area. This can include discover luxurious and hidden amenities for their clients that are not obtainable by other tourists to the area.

Knowledgeable Agents

As most travel agents, luxury travel agents are expected to have knowledge about the destinations they offer their clients. This means that they should be aware of attractions, landmarks, the best restaurants and areas for shopping. They will even be able to inform their clients of any areas they may want to avoid and how to stay safe while they are on their trip.

Although there are some people who want a luxury experience while on a budget, the more affluent traveler will spare no expense to have the trip of a lifetime. This type of traveler will expect only the very best amenities and accommodations.

Generally, regardless of income, most travelers look for the very best travel deals they can get. They also want to save money. As a result, there are some luxury travel agencies that focus on providing luxury accommodations for their clients at more affordable prices.

Services Offered By Luxury Travel Agencies

The types of services offered by these agencies are typically more personal in nature. For example, an agency may arrange a private tour or secure better amenities during the client’s stay. Some clients may want luxury travel and will pay any amount necessary, while clients who are on a budget will want more affordable choices. These agencies will accommodate both types of clients.

Other services may include:

• Providing pet travel
• Hiring personal chauffeurs
• Chartering private jets
• Personalized travel itineraries

Another reason that a traveler can benefit from using the services of a luxury travel agency is that many of the agents who work for the agency have traveled to many destinations. They can give you first-hand knowledge of what to expect based on their experiences.…

WHAT TO KNOW ABOUT LUXURY CAR RENTAL?

If you want to go for luxury car rental, then you got to consider few important things so that your investment can be protected.

Things to be considered:

  • Since there are many models of luxury-cars, therefore, you got to choose the right model following your travel need, preference and budget.
  • The rate of luxury car rental might vary from one agency to another, therefore, you got to find out the best cost that suits your pocket-limit well.
  • The best car-hire agency needs to be chosen to get legitimate conditions and terms for the hire of luxury cars.
  • You should get the maximized comfort with the car. Therefore, you should keep this point while choosing the right car for you. The seats should be spacious, and the car should be equipped with a lot of amenities.
  • Both elegance and style should be maintained for creating a professional look. This look needs to be maintained essentially especially if you are going to attend any corporate events or occasions.

These are the few things that you should consider for making an improved choice of luxury cars. Make sure that your chosen car can satisfy your purpose well.