What Cars Do Wealthy Drivers Really Buy?
Auto industry research and forecasting companyTrueCar.com said it looked into the top vehicles people in the 10 wealthiest zip codes are buying. TrueCar said that while fancy cars remain part of a broad stereotype of well-to-do drivers, TrueCar data show there are many wealthy consumers who choose to drive mainstream cars.
The company said half of the vehicles in the top group are non-luxury models, and all of the top vehicles except the Mercedes-Benz E-Class and the BMW X5 cost less than $50,000.
“Luxury brands like BMW, Mercedes-Benz, and Lexus are the top choice for the well-off, but with wealth often comes freedom of choice, ” said Kristen Andersson, a senior analyst at TrueCar.com. “For affluent buyers who live in places where environmental concerns reign supreme, the Toyota Prius is the ultimate status symbol in eco-luxury.”
Here is the top-10 list from TrueCarfor vehicles that are popular with rich buyers:
Rank | Make/Model | Segment | Market Average** |
1 | Mercedes-Benz E-Class | Luxury Car | $48,068 |
2 | BMW 328 | Luxury Car | $34,461 |
3 | Mercedes-Benz C-Class | Luxury Car | $34,144 |
4 | Lexus RX | Luxury SUV | $37,628 |
5 | Toyota Prius | Small Car | $29,525 |
6 | Volkswagen Jetta | Small Car | $24,978 |
7 | Honda CR-V | Midsize SUV | $28,875 |
8 | Honda Accord | Midsize Car | $21,210 |
9 | Toyota Camry | Midsize Car | $23,871 |
10 | BMW X5 | Luxury SUV | $54,995 |
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