61% of people making over $250k/yr drive a Honda, Toyota or Ford

X-Runner wrote:

doubt it wrote:

I'm calling BS on that statistic. Those three manufacturers combined only account for 38% of the US market share, so highly doubtful that they have a 61% share in any single demographic much less the highest earning one.

There is no link to support the OP's claim but both that stat and your 38% market share can be true if these high earners by multiple vehicles.

Say a high earner drives a Mercedes E Class on a regular basis, has a Ford F150 pickup for some errands a drives a Porsche 911 on nice weekends.

That would support the 61% number and 38% at the same time.

Maybe 61% of high earners do have a Honda, Toyota or Ford while 33% of their total vehicles fall into that group.

These people very likely have more than one vehicle.

I didn't think of that scenario, although it goes against the point the OP was trying to make. If you drive a Porsche and you also have a King Ranch or a Land Cruiser for towing the boat, that doesn't make you frugal.

Just personal experience, I know my wife and I have a household income that is double that of our family members, and all of them driver newer cars than us.

They also go on small sh tty vacations, have no savings, or retirement savings... but those cars are on point.

X-Runner wrote:

doubt it wrote:

I'm calling BS on that statistic. Those three manufacturers combined only account for 38% of the US market share, so highly doubtful that they have a 61% share in any single demographic much less the highest earning one.

There is no link to support the OP's claim but both that stat and your 38% market share can be true if these high earners by multiple vehicles.

Say a high earner drives a Mercedes E Class on a regular basis, has a Ford F150 pickup for some errands a drives a Porsche 911 on nice weekends.

That would support the 61% number and 38% at the same time.

Maybe 61% of high earners do have a Honda, Toyota or Ford while 33% of their total vehicles fall into that group.

These people very likely have more than one vehicle.

I would agree. My daily driver is the FJ, but I also have a restored 1972 Triumph sports car and two Harley's, one a vintage 1980 XLS and the other a 1999 twin cam Super Glide Sport, many engine mods. Nothing I have however would be considered a "luxury" vehicle. Not necessary, perhaps. All were bought new many years ago except the Triumph, bought in 2001.

doubt it wrote:

I didn't think of that scenario [multiple vehicles] , although it goes against the point the OP was trying to make. If you drive a Porsche and you also have a King Ranch or a Land Cruiser for towing the boat, that doesn't make you frugal.

The OP never said anything about being frugal.

He simply wrote "Discuss".

(I think he implied it, though based on his other threads)

All my wealthy friends drive Ford trucks. It's weird now that I think about it. But 100% of them.

I also agree with another poster that mentioned people that want to look wealthy, but really aren't, are the most likely to buy luxury vehicles. I know a lot of people that carry huge debt that all drive Mercedes, Cadillacs, BMWs, etc.

ExperimentofOne wrote:

Just personal experience, I know my wife and I have a household income that is double that of our family members, and all of them driver newer cars than us.

They also go on small sh tty vacations, have no savings, or retirement savings... but those cars are on point.

Are you me? This sounds exactly like me and my family.

Richer than you wrote:

5 million households earn $250k and you don't believe 5 or 10 of those are posting here?

Correct. Many of these people are lying. GUARANTEED.