Luxury Crossover Vehicles Gain Momentum in Growing Automotive Segment
Not exactly a car, but not quite an SUV, luxury crossovers are a fast growing segment in the automotive market. In fact, the segment makes up nearly 25% of the total U.S. luxury auto market, up from 10% a few years ago.
As consumers start heading back into showrooms, automakers continue to introduce new crossover models. To compete with overseas competition, General Motors has unveiled the Cadillac SRX. The new SRX will go head to head with crossovers from BMW, Mercedes Benz and Audi.
Industry experts expect the category to continue to grow and possibly become the largest segment of the luxury vehicle market.
