Consumer Demand for Luxury Vehicles Wanes
A survey by TNS indicated that almost one in three luxury car owners have a more negative attitude toward purchasing another luxury vehicle in the future.
NEW YORK — A recent survey conducted by research firm TNS revealed that almost one in three luxury car owners have a more negative attitude toward purchasing another luxury vehicle in the future.
Among luxury vehicle owners whose attitude toward the segment have been negatively impacted, the most common reason cited was current and future affordability of ownership (74 percent). Insurance and maintenance (43 percent) also were cited as a pivotal concerns for future purchase, according to TNS.
"Clearly, the high visibility of the recent debt crisis and the ensuing mayhem in the financial markets is causing negative sentiment toward the luxury vehicle segment," says William Bruno, vice president for TNS. "What is most telling is the similar level of negative attitudes expressed by a large portion of existing luxury vehicle owners, as well as non-owners who aspire to own luxury vehicles."
The survey also indicated that 19 percent of luxury vehicle owners cited the lack of fuel economy in most luxury brands as the reason they were shifting away from luxury models.
"The high focus on fuel economy is surprising to us, because, according to our research, many luxury brands offer competitive gas mileage when compared to similarly equipped, non-luxury mid-sized vehicles," Bruno said. "The overall perceptions aren't matching up with reality and this is a great opportunity for marketers and manufacturers to continue demonstrating the real economics associated with luxury brands."
More Auto Finance

Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
Read More →
Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →
Permission or Approval: When to Notify Finance Sources
Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.
Read More →
At-Risk Auto Borrowers Drive Looser Credit Access
Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.
Read More →
Auto Loan Forecast Bucks Market Trend
Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.
Read More →