Sports utility vehicles are high on luxury shoppers’ list, Kelley Blue Book found in its first-quarter report Brand Watch report.
Nearly 75% of luxury shoppers considered an SUV during the quarter, a record.
Cars lowest-ever on their list, compounding an already ‘bloated’ supply.

Luxury SUV demand is likely to be sustained with the launch of new models, including the Buick Envista.
IMAGE: Buick
Sports utility vehicles are high on luxury shoppers’ list, Kelley Blue Book found in its first-quarter report Brand Watch report.
Nearly 75% of luxury shoppers considered an SUV during the quarter, a record.
Luxury car shopping, though, fell to a new low, the consumer survey found.
SUVs were on 73% of first-quarter luxury shoppers’ list, up five percentage points, both quarter-over-quarter and year-over-year.
Shopping for luxury cars, meanwhile, fell sharply. Just 45% of luxury-vehicle shoppers looked for cars, down six percentage points month-over-month and year-over-year.
“Five and six percentage points represent huge swings when normally, one or two percentage points are worth noting,” a press release on the report indicated.
The report called luxury car supply “bloated,” with interest in them declining, so incentives will likely be needed to move them.
Luxury SUV demand, though, is likely to be sustained with the launch of new models, including the Acura ZDX and the Buick Envista, the report said.

Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.
Read More →
Take the time to answer these and lay the groundwork for a successful year-end.
Read More →
Many dealers are going green – both environmentally and cash-wise – by powering their stores with solar-generated electricity.
Read More →
Their role at automotive dealerships is essential today to give salespeople time to close deals.
Read More →

The strategic imperative for auto dealers is to prioritize F&I product sales and wealth-building in challenging times.
Read More →
It's wise to not take your dealership's banking relationships for granted.
Read More →

Howard Bentley Buick GMC is now headed by Taylor Bentley Conner.
Read More →
Rick McCormick preaches the wisdom of breaking into what he considers the top 3% of F&I managers with a stance of continuous development.
Read More →