As people become increasingly aware of technological changes, they have started to expect more from car production companies and demand an upgraded level of comfort, features, and aesthetic beauty in cars. In order to meet the rising demands of clients, companies have begun introducing new car models specifically targeting these groups of customers. These upgraded vehicles have unique features that cannot be found in any other automobile and therefore are often called luxury vehicles.
The rising sales of luxury vehicles are expected to propel the hyper-car market in the coming years because luxury brands are perceived to be more valuable than other corporations. A hypercar is one of the most technologically advanced and high-performance luxury vehicles on the market today, due to which car businesses are aiming to increase sales of luxury vehicles at auto shows.
According to the 2019 limelight report, the luxury car market accounts for 6% of total vehicle sales in the United States. As a result of this, the rising luxury car sales are propelling the hyper-car market for a bright future.
The global luxury car market was worth USD 449.7 billion in 2019 and is expected to be worth USD 655.0 billion by 2027, growing at a 9.3% CAGR during the forecast period. As of now, the luxury car market as a whole is undergoing social changes such as modern lifestyle and technology adoption. Luxury brands appear to have a lower level of differentiation, remoteness, and exclusivity when it comes to improving the quality of life. Similar to this intervention, Tom Ripert founded ROLZO, a global luxury mobility service company.
Born on September 6, 1989, Tom Ripert is a French entrepreneur professionally known for serving as the founder and CEO of ROLZO. Ripert attended KEDGE Business School, where he graduated with a Bachelor’s degree in Business Management. Knowing his passion for luxurious cars, he started his journey in 2011 at LVMH, where he worked at the Louis Vuitton and Fendi brands. He began his career at AKQA in 2013, where he worked on projects with international clients such as Coutts, Zegna, and Rolls-Royce Motor Cars.
It was in 2017 when Ripert decided to launch his own company and collaborated with Khaled Shehata for this purpose. With the intent to make the world’s finest cars available on demand across the globe, Ripert founded ROLZO, which soon became the leading company in luxury transportation, car rentals, and VIP meet & greet services globally.
As the global car rental market is highly fragmented, with inconsistent service, fees, and procedures, Ripert has kept his business model unique such that it provides the same high level of service everywhere while keeping operational costs low. The company helps local businesses in times of uncertainty by partnering with highly vetted local providers in each country. Furthermore, ROLZO has set a good example in terms of discouraging car ownership and promoting a green environment.
Ripert has kept the vision of the company environmentally-friendly by reducing CO2 and other pollutant emissions through the platform of ROLZO by facilitating the customers with an alternative that gives them the incentive to turn towards the inclusion of electric vehicles (EVs) on the road. He has collaborated with Climate Care, a climate and sustainable development expert, to offset carbon emissions associated with long road trips. Ripert understands the impact of business on communities; thus, he plans for the future in the most sustainable way that can benefit everyone.
Ripert firmly believes that everyone has a responsibility to care for the environment, help communities, and shape attitudes toward a cleaner planet and this is why Ripert has kept sustainability more than just a trend for ROLZO; establishing it as a call to action inspired by our fast-paced world.
Ripert has empowered ROLZO to provide a fleet of over 5000+ models of the world's most exclusive cars in over 100 countries, 500 cities, and 1000 airports. He took great pride while announcing that if a person is in Abu Dhabi on business and wants to drive a dream car in the desert, ROLZO can deliver a Lamborghini to his hotel's parking lot without making him go through long and tiring booking procedures.
Ripert has made ROLZO an asset for the mobility industry as it envisions a world defined not by ownership but by a greater promise: the choice of experience. The founding vision of ROLZO was to use technology to provide a dependable and global alternative to time-consuming rental procedures and unprofitable car ownership. Ripert has strived to make the vehicle industry as simple as possible by providing real-time access to the world's largest fleet of vehicles and chauffeurs in just a few clicks.
Eric Johnson is a Professional Blogger and Content Marketer.