• 5DHK avatar 5DHK Posted: 2/8/2014 10:14am PST

    Yup - the last post says it all - the rich are finance-savvy almost without fail - that's how a lot got the wealth firstly. They KNOW how much their supercars cost them and treat them well, running very low miles, and only when they can enjoy them (certainly not doing 20,000 miles PA).
    I hate to say it, but I believe this one to be highly doubtful for most of the reasons above - second, certainly multiple homes, vehicles bought/leased by their companies frequently not titled at home addresses, etc, some of which can be deliberate obfuscation tactics for the uber-wealthy who really don't want others to know what they have.
    Sceptical in the extreme - know too many wealthy folk who still enjoy their wealth (as sensibly as possible).

  • tache avatar tache Posted: 8/18/2012 4:11pm PDT

    probably the cars on the list are their third car used to go to the mall and back only. it is way cheaper to have a third car for shopping than fixing the scratch somebody left on your Ferrari door in the mall parking

  • fb_100000748386019 avatar Marc Posted: 8/9/2012 10:54am PDT

    The wealthy understand that cars depreciate rather than appreciate, therefore they select cars which will hold as much of their value as possible. It's the nouveau rich than spend their new found wealth in obvious shows of wealth, movie stars, pro athletes, pop stars, dot.commers, etc.

  • fb_1147200757 avatar Patrick Posted: 8/8/2012 6:20pm PDT

    Interesting stuff..

  • fb_1224815454 avatar Jim Posted: 8/8/2012 2:47pm PDT

    Really interesting "study" but as others have mentioned, wealth doesn't necessarily make one car savvy. Also, many of these folks have multiple homes and likely have other vehicles stored there and these may not fall into the 1% zip codes.

  • FlowRW avatar FlowRW Posted: 8/8/2012 1:16pm PDT

    Not surprising really. I remember back when the Ford Taurus and Mercury Sable first came out and it was considered such a daring design, one of the car magazines said it was the number one daily driver car for millionaires. Save the SL for the weekends and drive the Sable to the office or mall.

  • fb_756493434 avatar Brian Posted: 8/8/2012 1:10pm PDT

    I'm surprised that many wealthy folks in Lower Manhattan even have cars - Most seem to ride in the back of hired Lincolns and Mercedes S Class.

    There's an old book called "The Millionare Next-Door". I seem to recall it saying that the wealthy don't choose cars to impress people - but they do seem to buy their cars "By the Pound", therefore a general preference for big American sedans (at least at the time)

  • jeffhre avatar jeffhre Posted: 8/8/2012 11:00am PDT

    You do realize that registrations for wealthy family members are in a ratio of about 4:1 vs hired help? (kids don't register cars, and some cars are handed down to the hired hands)

  • fb_100000012264480 avatar Norman Posted: 8/8/2012 10:44am PDT

    I was expecting to see exotic sports cars, not Accords and Camrys.

  • fb_636251774 avatar David Posted: 8/8/2012 10:35am PDT

    A sign of decadence that these Americans should treat American manufactures with such contempt.

  • fb_1515234381 avatar Steve Posted: 8/8/2012 10:10am PDT

    Surprised? No. Wealthy people aren't necessarily more automotive-savvy than the general population; but one would expect that they ARE more fiscally savvy. Accord, Camry, Prius... check. I am really dismayed to see that all ten are import marques however.

  • E46M avatar E46M Posted: 8/8/2012 8:47am PDT

    Surprised that Audi is not in the top ten.

  • richard avatar Richard Posted: 8/8/2012 10:06am PDT

    Interestingly, Audi didn't make any of the top-five lists in any of the individual markets, either. Maybe the brand is still a bit too "niche", or maybe it doesn't have the penetration it needs to become a volume competitor against "mainstream luxury" marques like BMW and Mercedes. Food for thought.

  • fb_100000131037800 avatar Natarajan Posted: 5/1/2013 10:42pm PDT

    Not surprising at all. Audi is quite a vague brand actually. Performance? Naah, mostly front wheel drive based vehicles. Rugged? Not all that rugged compared to say Land Rover or Jeep. Premium? Again, not so much. Economy? Not really the most economical. It is kind of a jack of all trades. Doesn't excel in any one area, does a decent job of all.