A luxury car is your vehicle that offers increased levels of comfort, equipment, amenities, quality, performance, and status in accordance with regular cars for a better price.
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Real estate is subjective and reflects the qualities from the car along with the brand image of its manufacturer. Luxury brands rank above premium brands, though there isn't really fixed demarcation regarding the two.
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Traditionally, most luxury cars were large vehicles, though smaller sports-oriented models were always produced. “Compact“ luxury vehicles just like hatchbacks, and off-road capable sport utility vehicle vehicles, are relatively modern trends.