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Home›US Markets›Sectors›Wealthy Americans account for most recent US new car p…

Wealthy Americans account for most recent US new car purchases

The shift toward higher-income buyers reflects a stock-market-led boost to consumer spending among the richest households.

Reported · Written up by our desk · Sectors

MarketWatch reports that recent US new car buying has skewed heavily toward higher-income Americans, with the richest 20% accounting for most purchases in recent months.

According to the report, automakers are becoming more dependent on affluent customers as the AI-fueled bull market in stocks supports demand in upper parts of the market.

← Newer storyRichest Americans drive most new U.S. car purchases as stock gains li…

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Sources

MarketWatchThe richest 20% bought most new cars in ‘recent months.’ Automakers depend more and more on the wealthy.
MarketWatchThe richest 20% bought most new cars in ‘recent months.’ Automakers depend more and more on the wealthy.

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