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- Redditors such as turbinedriven are more confident in the all-around quality of their products over Tesla, as they believe that Mercedes are more interested in producing a top-quality vehicle rather than just an impressive EV. They state that Mercedes will be able to bring a car that utilizes technology, drives well, and has a well-executed luxury interior, and overall “they know how to manufacture a complete and compelling vehicle.” - Source: Internet
- So, a new report from S&P Global Mobility, which found that brand loyalty has been falling across the luxury segment, must be causing some serious concern in corner offices around the world. We’re not talking about Buicks, Opels or Vauxhalls here—some of the auto world’s strongest brands (Porsche, Audi, Mercedes, Lincoln, Cadillac) have seen their rates of return buyers decline substantially over the last couple of years. Meanwhile, Tesla, the only major automaker that sells only electric vehicles, has logged an increase in brand loyalty. - Source: Internet
- Electric cars are becoming increasingly accessible as a way to combat this, one of the most well-known brands being Elon Musk’s Tesla. However, although they may be the first to come to mind, there are others on the market. Redditors favor these models due to value for money, tech features, and luxury experience. - Source: Internet
- OK, OK, it’s a luxury, just like it was when my wife and I splurged on our anniversary dinner last year at Michelin darling The French Laundry. Just like that extravagant meal, we don’t need the Tesla Model Y; we want it. Is it something, though, we can afford? - Source: Internet
- The transition to EVs is also radically remaking the industry, and it may be tempting to say that this explains why Tesla has the highest brand loyalty of any auto brand (63% of owners say they would buy a Tesla again), and why it was one of only three automakers that managed to increase their brand loyalty (up 4% in the S&P’s study). However, the other two brands in positive territory were Maserati, which makes no EVs, and Genesis (Hyundai’s luxury brand), which only started taking US orders for its first EV in May. Audi and Porsche have been selling EVs for some time, but they lost brand loyalty, along with most of their competitors. - Source: Internet
- Of course, the Tesla is a luxury item. And as Jim once wrote, “Whether you buy it because it’s fun to drive, to impress your neighbors, to save the environment, or some combination of the above, you should only do so if you can afford to do it without borrowing money or impacting your important financial goals.” - Source: Internet
- Maserati strengthened its brand loyalty by 4.3 percentage points, despite having the luxury segment’s worst PP100. Lincoln has an excellent PP100 rating, but it showed the third-highest loss of loyalty. And Tesla doesn’t exactly have a stellar reliability rating—its PP100 of 226 is considerably higher than the average of 199 for the luxury segment. - Source: Internet
- Electric vehicle drivers who value comfort and a premium driving experience have rated the e-tron as a choice that surpasses the popular Tesla Models 3 and Y in luxury experience by far. Redditors feel that the only element of Tesla that certifies it as a car of similar standing is the price tag. According to letstalkaboutrocks the e-tron facilitates a fortnight of “round the town driving” on a full charge, and this Redditor was also impressed with the size of cargo and the quality of air suspension. This lush vehicle is a match for those who love luxury and stay relatively local. - Source: Internet
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