Go Back   German Car Zone > Website Forums > The Pit - General Discussion
Home Register Search Today's Posts Mark Forums Read


The Luxury Institute Rates Porsche as Best Luxury Brand

This is a discussion on The Luxury Institute Rates Porsche as Best Luxury Brand within the The Pit - General Discussion forums, part of the Website Forums category; The Luxury Institute, which bills itself as "the uniquely impartial, independent and objective ratings and research organization that is the ...

Reply
 
LinkBack Thread Tools
Old 05-03-2009, 04:30 AM   #1
Merc1   Merc1 is offline
Contributor
 
Merc1's Avatar
 
Join Date: Sep 2005
Location: Aurora IL USA
Garage: 2003 Mercedes-Benz CLK430 Cabriolet
Posts: 15,642
Thanks: 5,226
Thanked 9,533 Times in 4,030 Posts
Merc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond repute
The Luxury Institute Rates Porsche as Best Luxury Brand




The Luxury Institute, which bills itself as "the uniquely impartial, independent and objective ratings and research organization that is the global voice of the high net-worth consumer", has conducted a survey of the wealthy and found that Porsche is the "best of the best" when it comes to luxury car brands.

The institute surveyed a sample of 1505 wealthy American consumers with an average income of $278,000 and average net worth of $2.5 million to come up with the results for the luxury auto survey, as well as 1013 ultra-wealthy American consumers with an average income of $489,000 and average investable assets of $6.8 million to generate the result for its ultra-luxury auto survey.

The wealthy among us voted Porsche, Mercedes-Benz and Lexus as the best luxury brands, while the super-duper wealthy put Maybach, Rolls-Royce and Bentley at the top of their list. The brands were rated using the proprietary Luxury Brand Status Index (LBSI), with Porsche receiving a score of 7.7 out of 10 and Maybach getting a 7.93 out of 10.


Full Article: The Luxury Institute Rates Porsche as Best Luxury Brand


M
__________________
Merc1 Allstars: SLS, SL63, S65, SLK55, CL63, SL65 BS, E63, R8 5.2, S5, LP560, LP670, M3, Mulsne, BK, DBS, GT500, Gran S, 911, X6M, Z4, Veyron GS, XFR, XKR, ZR1, CC, GTI, CTSV, 458, 599.
Merc1 is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Share on Facebook!Google Bookmark this Post!Spurl this Post!Reddit! Wong this Post!Tweet This!
Reply With Quote
The Following 2 Users Say Thank You to Merc1 For This Useful Post:
CarGuy (05-05-2009), cawimmer430 (05-04-2009)

Sponsored Links
Old 05-03-2009, 11:52 AM   #2
Tarek   Tarek is offline
Connoisseur
 
Tarek's Avatar
 
Join Date: Nov 2006
Location: Cairo.
Garage: Italian.
Posts: 6,954
Thanks: 4,524
Thanked 1,069 Times in 875 Posts
Tarek is a glorious beacon of lightTarek is a glorious beacon of lightTarek is a glorious beacon of lightTarek is a glorious beacon of lightTarek is a glorious beacon of lightTarek is a glorious beacon of lightTarek is a glorious beacon of lightTarek is a glorious beacon of light
Porsche as best luxury? i'd say best sporty and MB best luxury.
Tarek is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Share on Facebook!Google Bookmark this Post!Spurl this Post!Reddit! Wong this Post!Tweet This!
Reply With Quote
Old 05-04-2009, 12:48 AM   #3
siko   siko is offline
Global Moderator
 
siko's Avatar
 
Join Date: Nov 2005
Location: Montreal, Canada
Garage: BMW 135i (E82)
Posts: 6,208
Thanks: 3,460
Thanked 3,270 Times in 1,453 Posts
siko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant future
Quote:
Originally Posted by Tarek View Post
Porsche as best luxury? i'd say best sporty and MB best luxury.
Nah, for the ultra-rich MB is a common car, like a Toyota to most of us (I'm not comparing the cars, but what they represent)... while Porsche still represents some prestige for them. I think that's how we have to see this "study."
__________________
Nam et Ipsa scientia potestas est
siko is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Share on Facebook!Google Bookmark this Post!Spurl this Post!Reddit! Wong this Post!Tweet This!
Reply With Quote
Old 05-04-2009, 07:14 AM   #4
The Photo Phanatic
 
cawimmer430's Avatar
 
Join Date: Oct 2005
Location: Munich, Germany
Garage: '08 BMW 118i
Posts: 12,992
Thanks: 10,452
Thanked 9,148 Times in 3,290 Posts
cawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond repute
Porsche is first and foremost a sportscar brand and not luxury. Why can't people get this into their head? You can't really make luxury comparisons against Mercedes or Lexus with Porsche, not even against BMW or Audi, Lancia, Jaguar etc.

I like Porsche as much as the next guy but when you compare the Porsche lineup to that of Mercedes or Lexus then there is really no comparison. Every Porsche is sportier than its Mercedes or Lexus "counterpart" (if one can say that) but generally underperforms in terms of comfort or luxury features.

Porsche is a sportscar brand. Expensive? Yes. Luxury brand? Sort off. Comparable to MB and Lexus? Not really.

__________________
CWPhotography
cawimmer430 is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Share on Facebook!Google Bookmark this Post!Spurl this Post!Reddit! Wong this Post!Tweet This!
Reply With Quote
The Following User Says Thank You to cawimmer430 For This Useful Post:
Tarek (05-04-2009)
Old 05-04-2009, 07:38 AM   #5
Global Moderator
 
martinbo's Avatar
 
Join Date: Sep 2005
Location: Johannesburg
Garage: MY09 Forester XT MY09 WRX
Posts: 4,276
Thanks: 1,829
Thanked 2,818 Times in 1,292 Posts
martinbo has a brilliant futuremartinbo has a brilliant futuremartinbo has a brilliant futuremartinbo has a brilliant futuremartinbo has a brilliant futuremartinbo has a brilliant futuremartinbo has a brilliant futuremartinbo has a brilliant futuremartinbo has a brilliant futuremartinbo has a brilliant futuremartinbo has a brilliant future
I prefer the term "Prestige" over luxury to describe brands. The term luxury is over-used and misconstrued and prone to ambiguous interpretation. A 750i is more luxurious than a 911 Turbo but the latter is more prestigious.

So, taken at face value, Porsche is very much a luxury brand - given its prestige factor - but dig a little deeper and the context of luxury becomes debatable. Obviously, certain sports cars within the Porsche range itself lend themselves nicely to the luxury moniker - a 911 Targa and Boxster with PDK come to mind - and then there are cars that are inherently more luxurious such as the Cayenne and now, conveniently, Panamera.

However, no-one can expect a GT3 RS to be called luxurious in any way, given its uncompromising nature, despite it being every bit a highly prestigious acquisition.
__________________
If it has a Boxer Engine then it must be Fabulous!
martinbo is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Share on Facebook!Google Bookmark this Post!Spurl this Post!Reddit! Wong this Post!Tweet This!
Reply With Quote
Old 05-04-2009, 08:18 AM   #6
Executive
 
Centurion's Avatar
 
Join Date: Sep 2005
Location: London.
Posts: 15,767
Thanks: 2,322
Thanked 4,470 Times in 2,240 Posts
Centurion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond repute
Quote:
Originally Posted by cawimmer430 View Post

Porsche is a sportscar brand. Expensive? Yes. Luxury brand? Sort off. Comparable to MB and Lexus? Not really.
[/size]
Well argued Wimmer but this isn't year 1994. Introducing the 996 Porsche took a giant leap towards becoming a luxury brand while taking a small step away from its former self as manufacturer of a thoroughbred sports car. Today, a 997 has options such as automatic gear wood, wood inserts, telephone, custom leather, sat/nat, sunroof, vented seats and pretty much any option available for a Mercedes. Porsche is no longer synonymous with stripped car interiors

A Porsche is no longer a hostile place of cramped seating, bumpy ride and no in-car entertainment. The 997TT can be tame as a Mercedes while a GT3 has the ability to thrill the driver like a Ferrari can. The product portfolio of the 911 is deep and there is a model in there for anyone ranging from the poseur to the petrol heads.

Then there are obvious luxury cruisers mentioned by Martin, and those certainly put Porsche in the same basket as the big Germans. Porsche has a bipolar personality challenging both the luxury and sport segments, and the Panamera symbolize just that.
Centurion is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Share on Facebook!Google Bookmark this Post!Spurl this Post!Reddit! Wong this Post!Tweet This!
Reply With Quote
The Following 2 Users Say Thank You to Centurion For This Useful Post:
ACE (05-04-2009), cawimmer430 (05-04-2009)
Old 05-04-2009, 09:11 AM   #7
The Photo Phanatic
 
cawimmer430's Avatar
 
Join Date: Oct 2005
Location: Munich, Germany
Garage: '08 BMW 118i
Posts: 12,992
Thanks: 10,452
Thanked 9,148 Times in 3,290 Posts
cawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond reputecawimmer430 has a reputation beyond repute
Quote:
Originally Posted by Centurion View Post
Well argued Wimmer but this isn't year 1994. Introducing the 996 Porsche took a giant leap towards becoming a luxury brand while taking a small step away from its former self as manufacturer of a thoroughbred sports car. Today, a 997 has options such as automatic gear wood, wood inserts, telephone, custom leather, sat/nat, sunroof, vented seats and pretty much any option available for a Mercedes. Porsche is no longer synonymous with stripped car interiors

A Porsche is no longer a hostile place of cramped seating, bumpy ride and no in-car entertainment. The 997TT can be tame as a Mercedes while a GT3 has the ability to thrill the driver like a Ferrari can. The product portfolio of the 911 is deep and there is a model in there for anyone ranging from the poseur to the petrol heads.

Then there are obvious luxury cruisers mentioned by Martin, and those certainly put Porsche in the same basket as the big Germans. Porsche has a bipolar personality challenging both the luxury and sport segments, and the Panamera symbolize just that.

Good arguments.

But the Panamera is just one car and pretty new at that. It just can't change the image of a brand overnight. At the moment I am thinking of the Panamera as a Mercedes CLS63 AMG / Aston Martin Rapide competitor, which themselves are small niche vehicles for their respective brands - hardly defining of what the brand is about and so forth.

In order for me to perceive Porsche as a luxury brand that truly wants to rival Mercedes, BMW or Lexus they'll need to offer products that compete with the E-Class, 5er, A6 etc. for example. If we compare some products that could closely compare some products from say Mercedes or Lexus then I can think of the Cayenne, which would be compared to the GL550 and Lexus LX570. The Cayenne will be the sportiest SUV here while the GL and LX570 seem to be more family- and luxury-oriented in the classic sense. Likewise, a Porsche 911 Carrera comparing to the Mercedes SL and Lexus SC will come across as more sports- / driving-oriented. Hardly really a solid comparison since the Jaguar XK and Cadillac XLR seem to follow the same formula as the SL and SC and thus somehow "define" what this class is all about. Even when these cars were compared against each other, I have generally always viewed the Porsche product as an "outsider" due to its heavy focus on sport.

I am not dissing Porsche here, but I personally just don't perceive them as a luxury brand in the sense of Lexus or Mercedes but as a premium sportscar marque. I guess what I want to say is that Porsche may nowadays be perceived as a luxury brand, but I don't see them as such. to me Porsche will always be associated with the labeling "premium sportscar", not "luxury" in the sense that we perceive Mercedes, BMW, Cadillac, Audi, Lexus etc. to be luxury cars.

Sorry if this doesn't sound to well thought-out but I am writing this from my Adobe InDesign class!!!!
__________________
CWPhotography
cawimmer430 is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Share on Facebook!Google Bookmark this Post!Spurl this Post!Reddit! Wong this Post!Tweet This!
Reply With Quote
Old 05-04-2009, 11:43 AM   #8
siko   siko is offline
Global Moderator
 
siko's Avatar
 
Join Date: Nov 2005
Location: Montreal, Canada
Garage: BMW 135i (E82)
Posts: 6,208
Thanks: 3,460
Thanked 3,270 Times in 1,453 Posts
siko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant futuresiko has a brilliant future
CLS as a Panamera competitor? No way. Even thought I would take a CLS in a heartbeat (I'm not a fan of the hunchback-of-Stuttgart), its hardly a true competitor. MB's competitor to the Panamera would be a 4-door coupe-ish S-class.

And like Martin pointed out, luxury here is seen more as "Prestige" then pure out luxury.
__________________
Nam et Ipsa scientia potestas est
siko is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Share on Facebook!Google Bookmark this Post!Spurl this Post!Reddit! Wong this Post!Tweet This!
Reply With Quote
Old 05-04-2009, 01:56 PM   #9
Moderator
 
coolraoul's Avatar
 
Join Date: Nov 2006
Location: A French in Bucharest
Garage: 1974 Mercedes-Benz 450 SLC
Posts: 3,794
Thanks: 1,499
Thanked 1,829 Times in 1,025 Posts
coolraoul is a splendid one to beholdcoolraoul is a splendid one to beholdcoolraoul is a splendid one to beholdcoolraoul is a splendid one to beholdcoolraoul is a splendid one to beholdcoolraoul is a splendid one to beholdcoolraoul is a splendid one to beholdcoolraoul is a splendid one to beholdcoolraoul is a splendid one to beholdcoolraoul is a splendid one to beholdcoolraoul is a splendid one to behold
Well the thing is... for über-wealthy people, luxury means presstige like some member said.

Think of it like about wrist-watches. There are mechanical chrono, mechanical watches with moon phase, stylish mechanical skelettons, Quartz-watches.

The chrono (sporty) and mechanical and all od these expensive watches are considered "luxury watches", even if the one is sporty and truly can't compare with the moon-phase or the skeletton one! They still are luxury goods.

Same with cars. In these surveys, luxury doesn't mean comfort or equipment, but the perception of the brand as a luxury good. And here, Porsche fares better than Mercedes, because it's more exiting and rare. However, Ferrari is not elegant enough.

I wonder why Maybach beats Rolls however. Okay it's rare, exclusive, but it doesn't looks as massive, imposing or expensive...
__________________
"Minds are like parachutes. They only function when open."
Sir Thomas R. Dewar
coolraoul is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Share on Facebook!Google Bookmark this Post!Spurl this Post!Reddit! Wong this Post!Tweet This!
Reply With Quote
The Following User Says Thank You to coolraoul For This Useful Post:
Merc1 (05-04-2009)
Old 05-04-2009, 02:02 PM   #10
Merc1   Merc1 is offline
Contributor
 
Merc1's Avatar
 
Join Date: Sep 2005
Location: Aurora IL USA
Garage: 2003 Mercedes-Benz CLK430 Cabriolet
Posts: 15,642
Thanks: 5,226
Thanked 9,533 Times in 4,030 Posts
Merc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond reputeMerc1 has a reputation beyond repute
Quote:
Same with cars. In these surveys, luxury doesn't mean comfort or equipment, but the perception of the brand as a luxury good. And here, Porsche fares better than Mercedes, because it's more exiting and rare. However, Ferrari is not elegant enough.
Bingo...that is it exactly!


M
__________________
Merc1 Allstars: SLS, SL63, S65, SLK55, CL63, SL65 BS, E63, R8 5.2, S5, LP560, LP670, M3, Mulsne, BK, DBS, GT500, Gran S, 911, X6M, Z4, Veyron GS, XFR, XKR, ZR1, CC, GTI, CTSV, 458, 599.
Merc1 is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Share on Facebook!Google Bookmark this Post!Spurl this Post!Reddit! Wong this Post!Tweet This!
Reply With Quote
Reply

Bookmarks

Tags
brand, institute, luxury, porsche, rates

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Porsche's new museum chooses its first exhibits PanterroR The Porsche Lounge 11 02-06-2009 09:23 PM
Porsche No. 1 Will Be Shown @ Pebble Beach siko Vintage Porsches 3 08-08-2008 12:53 PM
Sport Auto: Nürburgring Cornering Speeds Bruce Test Data 11 10-19-2007 02:02 PM
Sport Auto: Hockenheim Cornering Speeds (+ Zielgerade) Bruce Test Data 19 04-22-2007 11:31 AM
Porsche and Mercedes named most prestigious luxury car makers. Yannis The Pit - General Discussion 13 04-20-2006 02:04 PM



Copyright ©2005 - 2009, GermanCarZone.com. All Rights Reserved.

SEO by vBSEO 3.3.1 ©2009, Crawlability, Inc.