Well-equipped, sophisticated vehicles full of technological innovations. These are just some of the defining characteristics of premium cars, made by big brands like Audi, BMW and Mercedes. They have been gaining more and more space in the sector. Even in the midst of a severe economic crisis, the premium market took its own paths and saw its sales increase in recent years. Nevertheless, what are the reasons for this scenario?
Why premium cars are so popular
Synonymous with luxury and status, the premium vehicle has become so popular mainly thanks to the overexposure of the segment, responsible for the emergence of a market full of drivers eager for new launches. After all, this type of car has always been part of the collective imagination, being associated with successful, prestigious people.
The distinctive design, the numerous customization options, the great quality materials and the high degree of comfort and performance also helped the premium to gain the reputation of the perfect vehicle. Another reason for the overvaluation is the increase in sales in the used car segment. Before, few people had access to a luxury vehicle. However, the facilities offered for purchases in the sector have made the acquisition of premium second-hand cars much simpler.
This happens even though the value of the used one is almost as high as the new one, as we mentioned above. Anyone who always wanted a luxury model, but never had enough money or did not trust the economy to close a deal, now has the opportunity to invest in used cars and enjoy the benefits that the premium offers.
Luxury consumer profile
In addition to the upper class, which is usually the most demanding, the trend is that the luxury market concept is also intended for the middle class. This layer of society boasts and consumes more and more luxury items, in search of the feeling of belonging to a more restricted class. According to research carried out by us, there has been a gradual change in the profile of luxury car consumers in Atlanta, but the most common pattern has the following characteristics –
- Average income of almost $ 35 thousand per month
- They want to stand out from other social classes
- Seek quality, exclusivity and design
- They are entrepreneurs, executives, business administrators and doctors
- Pay up to 40% of the value of the entry vehicle
- Part of consumers prefer to buy old luxury cars
Salesperson’s performance for the luxury sector
As we mentioned, consumers of expensive and luxurious cars are often demanding and very well informed. Therefore, the salesperson who works with this public must work with a consultative sales process, preparing him with a high level of training and knowledge about the cars to Sell Exotic Cars in Atlanta. In addition to knowing the details of the car you are selling to ensure confidence in the transaction, it is also essential to know the prospect well before approaching. This care can make all the difference to increase the chances of conversion.