A new study by Boston Consulting Group (BCG) reveals that the U.S. luxury automotive market is on track for significant growth, with total value projected to reach $215 billion by 2035. The research highlights expanding opportunities for investors, automakers, and luxury lifestyle brands as demand accelerates across the high-end vehicle spectrum.
Currently valued at approximately $110 billion, the market is expected to grow at a compound annual growth rate (CAGR) of 5-7%, driven by innovation, personalization, and consumer appetite for exclusivity. The report divides the market into three tiers:
· Luxury ($100K–$170K) — The largest and fastest-growing segment, worth $80 billion today, with 6–8% CAGR, projected to reach $140–165 billion.
· Ultra-Luxury ($170K–$500K) — Estimated at $25 billion, growing 3–5% CAGR, and expected to reach $35–40 billion.
· Hyper-Luxury (>$500K) — A niche yet expanding category, valued at $5 billion, projected to reach $6–7 billion.
These figures encompass new and secondary market vehicle sales above $100,000, supported by S&P Global forecasts, duPont REGISTRY Group data, and BCG’s proprietary analysis.
The full report, featuring consumer insights, brand performance metrics, and emerging trends, will be released later this year. It will provide actionable intelligence for automakers, dealers, event organizers, and luxury lifestyle brands looking to engage with this rapidly expanding market of discerning buyers.
Images: Supercar Owners Circle
