The number of luxury consumers worldwide has more than tripled over the past 20 years, from approximately 90 million in 1995 to 330 million at the end of 2013. The statistics come from advisor firm Bain & Company, which are part of a 10,000 luxury-consumer study conducted in collaboration with brokerage firm Redburn Partners and research agency Millward Brown.
The BMW specialists at Alpina know how to exploit a niche when they see one. With the BMW M4 still not technically official, it saw the need for a higher performance four-seat convertible than the 435i 'vert. Enter the new B4 Bi-Turbo Cabrio that is debuting at the Geneva Motor Show. The European-exclusive model takes BMW's 3.0-liter, twin-turbocharged inline-6 and massages it up to 410 horsepower and 442 pound-feet of torque, which is less power but more twist than the M4 would give buyers.
Harley-Davidson continues its plans to capture a wider range of motorcycle riders with the introduction of the new Low Rider and SuperLow 1200T. Both bikes are lighter and less expensive than Harley’s famed road beasts, making them more attractive to new riders. The SuperLow 1200T is low-slung and easy-to-handle (Harley notes it will appeal to shorter riders as well as women).
Ferrari's revenue and profit both increased in 2013 as it sold more of its top-line models with higher margins, reports CNBC's Robert Frank. Most car companies want to sell more cars. Ferrari wants to sell less. And so far, its strategy has been highly profitable. Ferrari last year decided to reduce its production to below 7,000 cars, compared with the 7,300 it produced in 2012.
Breitling, the Swiss watchmaker known for precision-made chronometers for aviators has launched a watch modeled after the biggest engine of luxury carmaker Bentley. Called the Breitling for Bentley 6.75 Midnight Carbon, the model, limited to just 1,000 pieces, is the latest addition to the Breitling for Bentley collection, and is a tribute to the 6.75 liter engine that powered the Bentley’s Mulsanne limousines.