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re: Do you drive a truck even if you have a white-collar profession?

Posted on 7/20/14 at 12:58 pm to
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
262002 posts
Posted on 7/20/14 at 12:58 pm to
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 by Coon
La 56 Southbound
Member since Feb 2005
18492 posts
Posted on 7/20/14 at 1:03 pm to
I've got the f150 part down pat. Just need to work on the million dollar part.
Posted by High C
viewing the fall....
Member since Nov 2012
54076 posts
Posted on 7/20/14 at 1:14 pm to
quote:

Experian Automotive, a unit of the well-known credit information service


The true ballers paying straight cash, homey. That could skew the numbers a bit.
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