News
28 : 08 : 23

South Korea – South Korean car-maker Genesis is shaking up the luxury automotive landscape with its latest marketing initiative, Luxe is in the Details. The campaign, which focuses on the brand’s line of SUVs, employs cutting-edge technology and shifting viewpoints to highlight intricate vehicle details.

Using motion control cameras replicating complex movements, the film spotlights SUV models such as the 2024 GV80, GV60 and electrified GV70. This approach allows extreme close-ups of the vehicles, showcasing the craftsmanship and details that make Genesis stand out. Genesis aims to capture the attention of younger luxury shoppers and position itself as a disruptor in the luxury car world.

The campaign roll-out includes tv ads, social media content and digital partnerships. With a booming luxury SUV market, Genesis’ focus on engaging visuals and its unconventional approach align with its vision to challenge the luxury automotive status quo.

This focus on craftsmanship as the future of luxury is a subject that we explore in more detail in our upcoming luxury macrotrend report, Luxury Recrafted. RSVP now to attend our webinar taking place on 5 September from 4:30pm to 5:30pm BST.

US – A poll of 906 Gen Z and Millennials – all in a relationship but unmarried – conducted by the Thriving Center of Psychology and released in June 2023 sheds light on why young Americans hesitate to marry. While most participants (83%) aged 18–42 express a desire to marry one day, financial constraints have become a significant obstacle. The survey reveals that 73% of respondents find the cost of marriage in the current economy to be too high. Spiralling inflation has driven up wedding expenses, with the average US wedding costing £23,785 ($30,000, €27,770) in 2022, according to The Knot.

Numerous couples find that the potential debt associated with a lavish wedding isn’t a worthwhile trade-off. This contributes to a larger societal trend where one out of every four 40-year-old Americans remains unmarried, according to Pew Research Center.

Factors such as fear of failed relationships and societal expectations also influence younger generations’ approach to marriage. Almost half of those polled said they feared potentially getting divorced in the future.

As explored in our Modern Marriage report, on top of cost, sustainability, identity and mental health are now being taken into consideration by Gen Z and Millennials when considering getting married. But these generations consider marriage as an optional – not a necessary – life stage.