What is the current North America Luxury Car Market size?

The North America Luxury Car Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029) Read More

Who are the key players in North America Luxury Car Market?

Tesla Inc., BMW AG, Volvo Group, Ford Motor Company and Fiat Chrysler Automotbiles are the major companies operating in the North America Luxury Car Market. Read More

What years does this North America Luxury Car Market cover?

The report covers the North America Luxury Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Luxury Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

North America Luxury Car Market - Share, Size & Analysis

North America Luxury Car Industry Overview

The North America Luxury Car market is consolidated and majorly dominated by few players, such as GM, Tesla, and Ford amongst others. The market is highly driven with factors like advanced technology, more comfort, growing investment in R&D projects and growing market of electric and autonomous vehicles around the region. To provide more luxurious experience to the people, major automotive luxury car manufacturer is investing huge amount on R&D and making joint venture with other industry players.

In March 2020, BMW announce the newest additions to their 3 Series model line, the performance plug-in-hybrid 330e and 330e xDrive Sedans. These models comes with eDrive technology, advanced driver assist, safety and infotainment systems.

In January 2020, BMW i Ventures announced that they are investing in Software Motor Company (SMC) a startup involved in development of intelligent motor systems. The new motor system is based on switched reluctance technology, which is managed by advanced cloud software.