Executive Cars

United States

(Core country: data based on in-depth analysis)

Highlights
Market definition
in-scope / out-of-scope
Reports special
  • Revenue in the Executive Cars market segment amounts to US$22,209m in 2019.
  • From an international perspective it is shown that most revenue is generated in China (US$36,459m in 2019).
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The Executive Cars Market segment includes passenger cars of an average footprint around 4.6m2 (50 ft2), an average mass around 1855kg (4100lbs) and a passenger/cargo volume larger than 3.4 m3(120 ft3). Due to their high performance and comfort features, executive cars are often viewed as status symbols. A high share of the Executive Cars market consists of company cars.

  • European Car Segment: E (Executive Cars)
  • US Car Segment: Large Cars
  • Chinese Car Segment: Category B
  • Also known as: Full-size Cars, Mid-size Luxury Cars

Background:
As automobiles grew in size in the 1950’s, so did their prices rise to accommodate the cost causing a new type of vehicle to emerge. The term “Executive Cars” started to be used in 1960’s to describe large, expensive cars which target consumers who comprised largely of upper-middle class: mid-senior and senior managers, as well as other successful professionals. Due to a growth of large (family cars), fuel efficacy and other factors, many manufactures stopped producing executive cars in the 1990’s and allocated their efforts in other market segments.

Example Models: Audi A6, BMW 5 Series, Jaguar XF, Peugeot 607, Saab 9-5, Volvo S80.

in-scope
  • Passenger cars - Executive cars
  • Premium executive cars
out-of-scope
  • -
Executive Cars Report 2019

Executive Cars Report 2019

Statista Mobility Market Outlook - Segment Report
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Vehicle Sales by make (2019)
+7.0% yoy
534.7t
Revenue by make (2019)
+6.7% yoy
US$22,209m

Vehicle Sales by make

in the Executive Cars market in thousand vehicles

Reading Support Executive Cars unit sales are expected to reach 556.0t in 2023.

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Vehicle Sales:

The box shows vehicle sales of the selection (market segment, region, make) for each year.

A definition and detailed explanation of the displayed markets can be found here.
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Connected Cars Share

in the Executive Cars market in percent

Reading Support 91.72% of Executive Cars sold in 2019 are Connected.

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Connected Cars Share:

The Connected Cars box depicts the share of Passenger Cars in the selected market (market segment, make, region) which can be considered to be connected. A car is said to be a connected car if it is equipped with hardware which either enables internet connection, or enables the addition of devices which connect the car to the internet.

A definition and detailed explanation of the displayed markets can be found here.
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Analyst Opinion

In the last decades, German brands, like Audi, BMW and Mercedes-Benz, have consistently dominated the Executive Cars segment. Although there are new players in the market today, this dominance would continue for the next few years. Sales will continue to be propelled by consumers in the upper-middle class: mid-senior and senior managers, as well as other successful professionals. Though they might cost a bit more than your average car, executive cars offer a touch of class and comfort to your driving experience. 

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Revenue by make

in the Executive Cars market in million US$

Reading Support Revenue in the Executive Cars market segment amounts to US$22,209m in 2019.

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Revenue:

The box shows the forecasted revenue development of the selection (market segment, region, make).

A definition and detailed explanation of the displayed markets can be found here.
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Average Price

in the Executive Cars market in US$

Reading Support The volume weighted average price of Executive Cars in 2019 is US$41,534.

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Price per Unit:

The "Price per Unit" box shows the volume weighted average price per car in the selected market (market segment, region, make) for each year.

A definition and detailed explanation of the displayed markets can be found here.
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Global Comparison - Revenue

in the Executive Cars market in million US$

Reading Support With a market volume of US$36,459m in 2019, most revenue is generated in China.

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Global Comparison – Revenue:

The “Revenue” tab shows a comparison of revenues for the leading economies in the selected market (market segment, region) and year.

A definition and detailed explanation of the displayed markets can be found here.
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Key Market Indicators

The following Key Market Indicators give an overview of the demographic, economic and technological development of the selected region on the basis of general KPIs. The calculation of Statista’s Market Outlook is based on a complex market-driver logic including over 400 region-specific data sets.

2014201520162017201820192020202120222023 CAGR
(2014-2023)
Population in m
Number of individuals (all ages) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
0-14 years in m
Number of individuals (age 0-14) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
15-24 years in m
Number of individuals (age 15-24) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
25-34 years in m
Number of individuals (age 25-34) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
35-44 years in m
Number of individuals (age 35-44) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
45-54 years in m
Number of individuals (age 45-54) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
55+ years in m
Number of individuals (age 55 and older) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
Consumer spending (current) in US$
Average consumer spending per capita of private households in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices
Transport in US$
Consumer spending per capita for transport (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices
Consumer price index (CPI)
Consumer price index (CPI) for a weighted basket of goods and services. The weights of the components vary by country according to local consumption patterns. The base year (100) has been set to 2017 for all countries, the base year of the input data may vary. | Source: Statista, based on IMF WEOD
Price level (U.S.=100)
Estimated price level index for all goods and services for individual private consumption (U.S.=100). Data has been extrapolated from the latest iteration of the World Bank's International Comparison Program (2011) using inflation data. The timeline has been stabilised for currency effects by using the average exchange rate for 2017. Numbers above 100 signal that prices are on average higher in this region than in the U.S., numbers below would mean prices in this region are on average lower than in the U.S.. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices
Transport
Estimated price level index for transport (U.S.=100). This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices
Recreation, culture
Estimated price level index for recreation and culture (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data. The timeline has been stabilised for currency effects by using a constant exchange rate. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices
Tax rates
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Corporate tax rate in %
Displayed is the typical rate for corporate income. Due to local taxes, the overall tax rate may vary within the country. | Source: Statista, based on KPMG
Personal income tax rate in %
Displayed is the top marginal tax rate. Due to local taxes, the overall tax rate may vary within the country. | Source: Statista, based on KPMG
Mobility
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Cars per 1,000 capita
Number of passenger cars in the selected region in relation to the total population | Source: Statista, based on OICA
Passenger km (road) in pkm
Total movement of passengers on roads using inland transport on a given network. Data are expressed in passenger-kilometres per-capita, which represents the transport of each one passenger on a distance of one kilometre. | Source: Statista, based on OECD
Rail lines in k km
Rail lines are the length of railway route available for train service, irrespective of the number of parallel tracks. | Source: Statista, based on World Bank
Passenger km (rail) in pkm
Total movement of passengers by rail using inland transport on a given network, data are expressed in passenger-kilometres per capita, which represents the transport of each one passenger on a distance of one kilometre | Source: Statista, based on OECD
Air passengers in m
Number of passengers carried by air transport in the selected region | Source: Statista, based on ICAO, World Bank
Pump price for gasoline / liter in US$
Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency using a constant exchange rate. | Source: Statista, based on World Bank, GIZ
Pump price for diesel fuel / liter in US$
Fuel prices refer to the pump prices of the most widely sold grade of diesel. Prices have been converted from the local currency using a constant exchange rate. | Source: Statista, based on World Bank, GIZ
Infrastructure
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Rail investment in % of GDP
Infrastructure investment covers spending on new transport construction and the improvement of the existing rail network. | Source: Statista, based on OECD
Road investment in % of GDP
Infrastructure investment covers spending on new transport construction and the improvement of the existing road network | Source: Statista, based on OECD
Airport investment in % of GDP
Infrastructure investment covers spending on new transport construction and the improvement of the existing airport network. | Source: Statista, based on OECD
Road maintenance in % of GDP
Infrastructure maintenance covers spending on preservation of the existing road network | Source: Statista, based on OECD
International trade
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Trade (% of GDP) in %
Sum of exports and imports of goods and services in relation to total gross domestic product (GDP) | Source: Statista, based on World Bank, OECD
Tariff rate in %
Simple mean of applied tariff rates for all products in the selected region | Source: Statista, based on World Bank
Households in m
Total number of households in the selected region | Source: Statista
Urban population share in %
Share of population in the selected region living in urban areas | Source: Statista, based on World Bank
GDP (current) in US$
Gross domestic product (in current prices, constant exchange rate) of the selected region per capita | Source: Statista, based on IMF WEOD
Source: Statista, June 2019
Source: Statista, June 2019, based on IMF, World Bank, UN and Eurostat

Methodology

We collect over 32 million data points from various sources, including but not limited to company reports and websites, vehicle registries, car dealers, and environment agencies. The data is modelled and forecasted using machine learning techniques in combination with the experience and knowledge of a team of international analysts, in order to produce the best market estimates and predictions. 

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