Now that we have entered 2024, we are incredibly excited about what this new year holds for us. Choosing luxury cars is definitely one of those. To your surprise, Global Luxury Cars Market is likely to expand at a CAGR of around 5.12% during 2023-28, as per the recent analysis by MarkNtel Advisors. Does that mean more cars? Maybe. Every Car enthusiast out there, stay tuned as we unfold and present the perfect five picks for 2024.
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Step inside the BMW i7, and you will find a luxurious haven that seamlessly blends cutting-edge technology with traditional craftsmanship. The interior showcases luxury, featuring a rich collection of natural materials, including the indulgent cashmere wool trim available for the seats. The i7 and its ICE-powered 7 Series counterpart are in a leg-stretching long-wheelbase form, emphasizing the brand’s dedication to luxury. While the previous generations of BMWs focused on driver enjoyment, the all-new i7 prioritizes unparalleled comfort and high-tech.
Whether powered by electricity or an internal combustion engine, the BMW 7 Series stands out with its imposing presence. Despite its substantial curb weight, shy of 2800kg, the i7 excels in performance and handling, with four-wheel steering enhancing agility. However, its newfound sense of comfort sets the i7 apart, rivaling the best efforts of luxury SUVs like the Range Rover and sedans like the Mercedes S-Class. The supple and controlled ride, combined with calm refinement, marks a significant step forward for the 7 Series. It finally delivers the luxury experience its predecessors aspired to achieve but have not attained.
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The Mercedes-Benz S-Class maintains its stronghold as a premier luxury option, offering a range of powertrains that cater to diverse preferences. From the refined diesel and petrol engines to the innovative plug-in hybrid S580e, the S-Class provides an array of delightful choices for discerning drivers. The cabin, redesigned in 2020, seamlessly blends tradition with avant-garde features, emphasizing digitization without overwhelming displays. Ambient lighting and connectivity are executed with finesse, creating a comfortable and cosseting environment for both driver and passenger.
Despite its technological prowess, the S-Class falls short in comparison to its historical cabin isolation standards, no longer challenging Rolls-Royce in this aspect. While the exterior design remains subtly elegant, the S-Class faces a challenge in an era of extravagant grilles. For those seeking an electric alternative, the Mercedes EQS offers a fresh take on luxury. Despite some stalling in progress, particularly in ride quality, the S-Class remains a symbol of opulence and sophistication in the automotive world.
Price Range: starts at $118,450 and goes up to $129,300.
The Genesis G90 puffs a class-appropriate design and superior interior-material quality, setting the stage for an opulent driving experience. The vehicle provides a quiet and smooth ride, ensuring a serene journey for its occupants. One noteworthy highlight is its straightforward two-tier pricing structure and bundling standard features. However, it needs to improve handling dynamics compared to its European counterparts. The absence of wireless Apple CarPlay and Android Auto is a drawback for tech-savvy drivers. Despite these nuances, the G90 has shed its previous lack of brand recognition and emerged as a compelling alternative to renowned luxury sedans. Its competitive pricing adds to its appeal, making the Genesis G90 a standout choice for those seeking a sophisticated driving experience without breaking the bank.
Price Range: starts at $90,970 and goes up to $100,695.
Audi S8
The 2024 Audi S8 seamlessly combines size and performance, defying its plus-size appearance with the handling prowess of a smaller sports sedan. Derived from the A8 luxury sedan, the S8 elevates the driving experience with innovative features like rear-wheel steering and a torque-vectoring rear differential, showcasing remarkable handling capabilities. Under the hood, transitioning from the A8’s V-6 to a twin-turbo V-8 boasting 563 horsepower ensures a powerful and dynamic ride. The spacious cabin, designed for relaxation during long journeys, offers luxury and comfort. Technological sophistication abounds, providing extensive connectivity options. For those seeking an immersive driving experience, the V-8’s distinctive sound creates the perfect soundtrack.
Price Range: starts at $121,695.
Range Rover Sport
Experience the allure of a full-fat Range Rover with added maneuverability in the new Range Rover Sport. Despite its gargantuan size, European roads are no challenge thanks to four-wheel steering and straight sides. The downsized version doesn’t compromise on the renowned mechanical refinement and luxury appeal shared with its full-sized sibling. Although material quality may not match some competitors, the Range Rover Sport stands out with its ability to control its substantial mass, offering precision in responses and positioning itself as a driver’s car. Driving it remains undemanding, yet the tactile and somewhat communicative nature adds an extra layer of engagement. If you desire the Range Rover experience in a slightly more manageable package, the Sport variant is your gateway to luxury and performance.
Price Range : $85,075 and goes up to $119,675
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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.
We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients to identify attractive investment opportunities and maximize ROI through an early mover advantage.
We understand the growing need of our clients and thus focus on emerging industries to provide our services which can fulfil their need for assessing the current and future industry potential, identification of white spaces & hotspots and venturing into new geographies or business segments.
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