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Luxury Car Market Hits Six-Year High

Mercedes-Benz CLA-Class Almost 400,000 new luxury vehicles were sold during the first quarter of 2013. This is the highest sales volume of luxury vehicles since 2007, Kelley Blue Book announced Thursday. In its New-Car Market Report, KBB.com says the average price luxury buyers paid for their new vehicle also increased. Alec Gutierrez, senior market analyst, automotive insights for Kelley Blue Book, says, “The luxury crossover segment improved 26.4 percent in the first quarter, thanks to new models such as ... continue reading»

Tags: Analysis, Cadillac, Mercedes Benz, Luxury Crossover SUVs, luxury cars