luxury shopping gains traction€¦ · movers washington segment: luxury entry-level car +4% share...
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July 16, 2015
INDUSTRY SNAPSHOT
Luxury Shopping Gains Traction Widespread Regional Gains Fueled by New Entries Propel Growth
Regional Gains in Luxury Shopping Activity
Autotrader.com Site Behavior – Increase in the Luxury Primary New Vehicle Prospects, Jan-June 2015 vs. Jan-June 2014 [visitors interacting with three most recent model years]
+9% Average gain in luxury interactions among the top 10 growth states year-over-year
42 Number of states to experience an increase in luxury shopping activity Jan-June 2015 vs. Jan-June 2014
Top 10 luxury shopping activity growth states States with increased luxury interactions
+7% California
+10% Texas
+11% Illinois
+9% Florida
+11% Georgia
+10% North
Carolina
+7% Pennsylvania
+9% Ohio
+9% Washington
+8% Virginia
NY
Shopper interest in luxury is sweeping the country, with the greatest growth coming from ten states which now account for an average of nearly one million luxury interactions each month. Despite the broad regional uptick, there are a handful of states not keeping pace, mainly in the West and Northeast, including New York (NY, VT, ME, ND, MT, WY, ID, AK).
July 16, 2015
INDUSTRY SNAPSHOT
+16% Average share growth among top luxury segments exceeding national share growth rate Jan-June 2015 vs. Jan-June 2014
Comparisons are Based on Share of Luxury Segment Interactions, Jan-June 2015 vs. Jan-June 2014 Top 3 Model Movers are based on Increase in the Luxury Primary New Vehicle Prospects, Jan-June 2015 vs. Jan-June 2014 Autotrader.com Site Behavior – Primary New Vehicle Prospects [visitors interacting with three most recent model years]
Top 3 Model Movers
Segment: Luxury Compact SUV California
+32% Share Growth
NX Models
GLA-Class
Macan
Top 3 Model Movers
Segment: Luxury Large SUV North Carolina
+22% Share Growth
Range Rover
Navigator/L
Escalade/ESV
Top 3 Model Movers
Segment: Luxury Sports Car Texas
+12% Share Growth
F-TYPE
Viper
i8
Top 3 Model Movers
Segment: Luxury Large SUV Virginia
+11% Share Growth
GX Models
Range Rover
Escalade/ESV
Top 10 Strongest Growth Luxury States Luxury Segments Exceeding National Share Growth Rate By Largest Margin
Top 3 Model Movers
Segment: Luxury Compact SUV Georgia +36% Share Growth
Q3
Macan
GLA-Class
Established models New/redesigned models
Among the greatest growth states, these segment standouts are well ahead of their respective national share growth rates. The top three model movers fueling these shifts span fourteen luxury brands, and nearly
half of the movers across the ten states are new launches from last year or were recently redesigned (A3).
14 Number of new and redesigned models among the top luxury movers
July 16, 2015
INDUSTRY SNAPSHOT
The Bottom Line Demand for luxury vehicles is heating up compared to a year ago, fanned by the 10 greatest growth luxury markets and attention on fresh and redesigned models (which are among the top segment movers in eight of those ten states). In this positive luxury climate, trends from these rising markets indicate that the heightened luxury shopper considerations are wide-ranging, illustrating an opportunity for all luxury OEMs to both take advantage of this momentum as well as mitigate the encroachment of emerging model options.
Top 3 Model Movers
Segment: Luxury Entry-Level Car Washington
+4% Share Growth
4 Series
A3
Q50
Top 3 Model Movers
Segment: Luxury Sports Car Ohio
+9% Share Growth
4C
Cayman
i8
Top 3 Model Movers
Segment: Luxury Sports Car Illinois
+9% Share Growth
Viper
4C
i8
Top 3 Model Movers
Segment: Luxury Fullsize Car Pennsylvania
K900
S-Class
Ghibli
+9% Share Growth
Top 3 Model Movers
Segment: Luxury Fullsize Car Florida
+10% Share Growth
K900
Ghibli
S-Class
Top 10 Strongest Growth Luxury States Luxury Segments Exceeding National Share Growth Rate By Largest Margin
Comparisons are Based on Share of Luxury Segment Interactions, Jan-June 2015 vs. Jan-June 2014 Top 3 Model Movers are based on Increase in the Luxury Primary New Vehicle Prospects, Jan-June 2015 vs. Jan-June 2014 Autotrader.com Site Behavior – Primary New Vehicle Prospects [visitors interacting with three most recent model years]