A new survey by the American Affluence Research Center (AARC) finds the wealthiest 10% of American households are cutting back on spending, including new-vehicle purchases. AARC says just under 28% of respondents expect to buy or lease a new vehicle in the next 12 months, down from 31% six months ago and 32% one year ago. However, one-third of households with incomes over $200,000 and those with a net worth of more than $1 million do plan to buy or lease a new vehicle, the survey shows. ...
Premium Content (PAID Subscription Required)
"Survey Shows Fewer Wealthy Americans Buying Vehicles" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.