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re: Do you drive a truck even if you have a white-collar profession?
Posted on 7/20/14 at 12:45 pm to RedRifle
Posted on 7/20/14 at 12:45 pm to RedRifle
My dad told me an interesting stat a few years ago. According to something he read, the most common, privately owned, vehicle among American millionaires is a Ford F150 pick up.
Posted on 7/20/14 at 12:58 pm to Merck
quote:
According to something he read, the most common, privately owned, vehicle among American millionaires is a Ford F150 pick up.
LINK
quote:
I then asked researchers at Experian Automotive, a unit of the well-known credit information service, to dig into their database of more than 600 million vehicles in the United States and Canada for insights.
Experian looked to see which brands were favored by people in three different income groups: $250,000 or above; $100,000 to $249,000, and less than $100,000. Not surprisingly, the richest people were the most likely to buy luxury brands (39 percent for people with household income above $250,000 vs. 8 percent for people who earn less than $100,000 a year).
But what that analysis also told me was that 61 percent of people who earn $250,000 or more aren’t buying luxury brands at all. They’re buying the same Toyotas, Hondas and Fords as the rest of us. So what cars are preferred by the rich?
Not sure about Millionaires, but the upper classes may own more expensive cars but most drive the same vehicles we all do. The perception this isn't true is perpetuated by folks who's idea of what the rich do is driven by reality TV, most likely.
LINK
quote:
The following question was asked in The Millionaire Next Door: What makes of cars are most popular with millionaires? Number one in market share (9.4%) was Ford. . . the most popular models include the F-150 pickup. . . about three in ten millionaire Ford drivers own F-150 pickups.
F-150 probably isn't driven by most millionaires but it's well represented.
Posted on 7/20/14 at 2:27 pm to Merck
quote:
My dad told me an interesting stat a few years ago. According to something he read, the most common, privately owned, vehicle among American millionaires is a Ford F150 pick up.
Well, since Ford sells darn near 500,000 of 'em per year, they are probably the most common vehicle of people with household incomes of $50,000 also.
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