The luxury automotive industry will observe an upward trajectory from 2023 to 2027. However, the foundation of this strong growth forecast is widely due to the recent luxury car trends of 2022. The luxury car market handled its fair share of blows during the pandemic but became stronger.
Many of these 2022 luxury vehicle trends are thanks to the innovative minds leading the industry. Brands like Mercedes-Benz and Tesla are changing how luxury cars and the automotive industry, in general, should be perceived.
If you’re interested in discovering more about the most popular luxury car trends of 2022, keep reading the blog post.
5 Luxury Car Trends that Led the 2022 Automotive Industry
Here are the five luxury car trends of 2022 that have put the luxury automotive industry on a growth path. Many of these trends successfully led in 2022, whereas some trends have given a push to the current year’s forecasted trends.
Luxury Electric Vehicles
Like us fanatics, you would have witnessed the screens filled with Tesla or Mercedes-Benz if you had followed the luxury car market news. These luxury car manufacturers are renowned worldwide for their exotic car models. However, it was their effort toward introducing Electric Vehicles (EVs) that has set them apart.
While Tesla isn’t the first company to manufacture EVs, it’s certainly the first to make them more mainstream. When the aspect of a luxury vehicle is added to the equation, you can see Tesla ruling the industry.
Despite Tesla’s widespread popularity, Mercedes-Benz made its name too by introducing luxury EVs. Mercedes EQS is a fully electric Sedan that’s also a luxury car. Hence, as these automotive companies and others came forward with their innovations, the luxury car market thrived in 2022.
Digitalization of Systems
Since EVs are becoming the norm, the digitalization of systems was only a matter of time. The widespread use of the Internet of Things (IoT) has also set the pace for this innovative system. Hence, that’s also what the world observed in 2022.
Digitalization might seem easy, but its application is quite complex and, therefore, worthwhile. Through the system digitalization in luxury EVs, troubleshooting and repairing vehicles from remote locations has been possible. Moreover, more tailor-made insurance policies have been introduced to accommodate drivers better.
Tesla again leads this trend as it has five unique EV models that have been digitally transformed to make driving intuitive. Equipment like internet connection, sensors, and radar technologies have made this trend possible and easy to replicate.
You can contact a local exotic car rental if you want to taste driving a digitally transformed luxury car. Las Vegas has these luxury EVs lined up on the streets.
If you think luxury EVs and the digitalization of automobiles are all that took place in 2022, you’re in for a surprise. Several companies in the luxury automotive industry set a new bar for their businesses and set out to create autonomous vehicles.
Brands like Tesla, BMW, and Mercedes-Benz, again set new industry records in this regard. However, it’s crucial to understand that cars have various levels of self-driving systems. While the car manufacturing companies introduced the luxury EVs that best perform as autonomous cars in 2022, there’s still a long way to achieve Level 5 autonomy. 2022’s luxury car trends only witnessed cars at Level 2 autonomy.
Increase in Ferrari’s Popularity
The pandemic severely impeded the luxury market’s growth as even brands like Ferrari were underperforming in terms of sales. The luxury sports car brand is known to produce limited models to maintain the vehicle’s exclusivity.
However, despite the chaotic time and limited manufacturing, the luxury car brand sold over 10,000 cars in 2021. These record-breaking sales gave birth to a new hope for the luxury automotive industry.
By 2022’s second quarter, Ferrari was already booming in popularity which was reflected in the brand’s sales for that quarter. Even as most of its models were sold out, sports car fanatics didn’t stop buying from their favorite Italian sports car manufacturer.
Hence, if there’s one of the most important luxury car trends of 2022 that we are celebrating, it’s the success of Ferrari. Great luxury sports cars are accessible for driving from any reliable exotic car rental. Las Vegas is home to some dependable car rental services.
Mercedes as the Celeb’s Favorite
While all the sports car enthusiasts were mooning over Ferrari, and rightly so, Mercedes was winning the hearts of celebrities. Although newer luxury cars such as Tesla and Rolls Royce Phantom fill the streets of Hollywood, major A-list celebrities still prefer Mercedes.
In recent years, the brand has observed a major drop in quality with some models. Despite the struggle, various models of Mercedes worked their charm on the elites of the glamor industry. Singer Justin Bieber and Britney Spears are just two of the many celebrities that swear by their Mercedes.
Mercedes-Benz S-Class and G-Wagon remain some of the most sought-after luxury car models by Hollywood celebs. Both cars are well-known for their ultra-modern features and systems and the spacious interior that oozes a luxurious vibe. Moreover, the car’s dynamics also add to the model’s sophistication, as driving these cars feels superior yet comforting.
Contact LVC Exotic Rentals for Latest Luxury Car Models
These five luxury car trends of 2022 have set a new pace and base for the future of the luxury automotive industry. Many of these luxury cars discussed above are now accessible to laypeople for a fun driving experience.
LVC Exotic Rentals is a highly esteemed exotic car rental. Las Vegas tourists are our most esteemed clients who rely on our services for their luxury car needs. Our extensive fleet of vehicles offers famous luxury cars and models for events like birthdays, business trips, bachelor parties, etc.
You can contact us on our website for more information.