The luxury car market around the world continues to explode as the relatively small portion of the globe’s population which is rich consumer at extraordinary levels. VW reports that its goal to sell 1.5 million Audis will happen sooner than expect because of buyers in the US and China. Audi is the manufacturer’s luxury brand.
BMW and Mercedes are also near record sales globally. In the US, GM’s (NYSE: GM) Cadillac has sold briskly. Clawing for part of a market they once held Toyota’s (NYSE: TM)’s Lexus brand, Nissan’s Infiniti, and Honda’s (NYSE: HMC) Acura have begun to invest in new models which mimic features of more successful rivals.
All it takes to get into the game is $75,000 and a driver’s license.
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