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Luxury Vehicles

Black Book: Luxury Depreciation Spikes

Luxury vehicles continued to struggle last week, as the segment realized some of the highest depreciation rates among all segments, according to the vehicle valuation firm.

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Walser Automotive Group Acquires Wichita Luxury Collection

WLC will add 10 luxury brands, including Acura, Audi, BMW, Jaguar, Land Rover, Lexus, Mercedes-Benz, MINI, Porsche and AMG, to Walser's existing 15 franchises, according to the company.

Driver Satisfaction Improves for 16 Automotive Brands, ACSI Reports

Among the 24 automotive brands tracked by the American Customer Satisfaction Index, 16 showed improvement and five showed declines. Three of those declines came from premium brands, the most notable being Volkswagen.

Houston Dealership Becomes First to Sell and Service Hyundai's Genesis Brand

North Freeway Hyundai has reached an agreement with Hyundai Motor America to become the first dealership to showcase, sell and service the new Genesis brand and its luxury vehicles, according to a North Freeway Hyundai announcement.

Hyundai Turns Genesis Into Standalone Luxury Division

Hyundai plans to launch six new models by 2020 under its Genesis nameplate, which will operate as a standalone global luxury brand.

Calif. Dealer Sentenced to 13 Years for Embezzlement

The former owner and operator of Costa Mesa Bellagio Motors, a car dealership that specialized in buying and selling high-end luxury vehicles, was sentenced this week after pleading guilty to embezzling more than $2 million from unsuspecting customers.

Cadillac to Upgrade Customer Experience at 700 Dealerships

Cadillac will be implementing a luxury focused, boutique experience at 700 dealerships in the company’s U.S. dealer network of 900 stores, according to Cadillac president Johan de Nysschen.

Trucks Outselling Premium Brands Over $50,000

Pick-up trucks and SUVs account for 6 of the 10 best selling vehicles with transaction prices over $50,000, TrueCar reports

TrueCar.com Identifies Top 10 Vehicles in Wealthiest Zip Codes

While luxury cars may fit into the stereotype lifestyles of the rich and famous, TrueCar data shows there are plenty of wealthy consumers who opt to drive mainstream brands.

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Prices for Luxury Used Vehicles to Rise

Limited supplies are expected to push prices for luxury used vehicles higher this year, NADA reports.

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