Some people purchase luxury rides for their plush interiors, slick exteriors and high-tech amenities. Others do it for the status. Either way, they have purchased a vehicle in a segment known for refined cosmetics, top-shelf build materials, gadgets galore and ultracomfortable ride characteristics.
Unfortunately, luxe cars are also known for their high sticker prices — a fact that consumers haven't overlooked. The luxury market was down 16.6 percent in 2008, compared with 2007. However, with the exception of the most expensive entries, the overall luxury segment's share of the U.S. car market actually increased slightly, so people are still interested in plush performance.
MSN Autos separates the luxury segment into three categories: near luxury, luxury and ultraluxury. Not surprisingly, the lesser-priced near-luxury category (prices start in the low to mid $30Ks) is the most researched group on MSN Autos. Regardless of its popularity, sales in this subcategory are down around 13 percent in 2008, according to J.D. Power and Associates.
Is there a silver lining here? Sure. What hasn't been hurt by this topsy-turvy economy is the quality and selection of luxury cars available to buyers today, which is reflected in this year's list of the top 10 most researched luxury cars on MSN Autos.
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