New Jersey Takes the Lead in Luxury Car Ownership
A recent report from I See Cars has revealed that New Jersey has become the luxury car capital of America. The data shows that the Garden State boasts a significantly higher percentage of luxury vehicles on its roads compared to the national average.
Key Findings from the Report
New Jersey’s luxury car ownership stands at 30.6%, making it the only state to cross the 30% mark. The national average is 19.2%, meaning New Jersey’s percentage is more than 50% higher than the country’s average. Connecticut follows closely with 28.3%, but still lags behind New Jersey’s numbers.
The top luxury car brands in New Jersey are:
- BMW
- Tesla
- Mercedes-Benz
On the opposite end of the spectrum, states with the lowest luxury car ownership are:
- North Dakota: 6.7%
- Montana: 5.4%
- Wyoming: 4.8%
This data suggests that New Jersey’s affluent population and strategic location contribute to its high rate of luxury car ownership. The state’s proximity to major cities like New York and Philadelphia may also play a role in its luxury automotive market.
Implications of the Findings
The high percentage of luxury cars in New Jersey indicates the state’s economic prosperity and the spending habits of its residents. It also highlights the preferences of New Jersey’s car buyers, who seem to favor premium brands like BMW and Mercedes-Benz.
As the automotive landscape continues to evolve, New Jersey’s status as a hub for luxury car ownership will be worth monitoring. The state’s affinity for luxury vehicles may influence future automotive trends and market strategies.
