This week we take a look at a new study from iSeeCars.com that looks at the states with the most and fewest luxury cars.
According to iSeeCars' new data, luxury sales are up overall from its study we shared last year. The last study found that luxury sales accounted for 17.7 percent of all vehicle sales in the United States. The latest study has the percentage at 18.3 percent.
iSeeCars says buyers drawn to luxury vehicles do so for their nameplate, extra features, enhanced performance and advanced tech.
So which states have the most luxury cars on the roads? This year iSeeCars.com analyzed over 200,000 one- to five-year old cars on the road to find out.
Like in the last study, New Jersey has the highest share of luxury vehicles, accounting for 29.9 percent of the state's vehicle share. The state with the lowest share is once again Wyoming at 4.7 percent.
Researchers say 14 states have more luxury cars than average, and most of are East Coast states. States with the lowest luxury vehicle share tend to be those that are the most densely populated.
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Ranking of States by Share of Luxury Cars - iSeeCars Study |
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|
Rank |
State |
% Share of Luxury Cars |
|
1 |
New Jersey |
29.9% |
|
2 |
Connecticut |
27.2% |
|
3 |
California |
26.0% |
|
4 |
Florida |
23.0% |
|
5 |
New York |
22.4% |
|
6 |
Massachusetts |
21.4% |
|
7 |
Illinois |
21.3% |
|
8 |
Georgia |
21.0% |
|
9 |
Rhode Island |
20.3% |
|
10 |
Maryland |
20.1% |
|
11 |
Oregon |
19.2% |
|
12 |
Nevada |
18.7% |
|
13 |
Delaware |
18.6% |
|
14 |
Arizona |
18.5% |
|
National Average |
18.3% |
|
|
15 |
Virginia |
18.3% |
|
16 |
Hawaii |
18.1% |
|
17 |
Texas |
17.7% |
|
18 |
North Carolina |
17.5% |
|
19 |
Colorado |
17.5% |
|
20 |
Pennsylvania |
16.3% |
|
21 |
Washington |
16.2% |
|
22 |
New Hampshire |
15.6% |
|
23 |
South Carolina |
15.6% |
|
24 |
Michigan |
15.1% |
|
25 |
Louisiana |
14.9% |
|
26 |
Tennessee |
14.7% |
|
27 |
Alabama |
13.9% |
|
28 |
Ohio |
13.9% |
|
29 |
Missouri |
13.1% |
|
30 |
Minnesota |
13.0% |
|
31 |
Indiana |
12.8% |
|
32 |
Oklahoma |
12.5% |
|
33 |
Utah |
12.4% |
|
34 |
Kansas |
12.1% |
|
35 |
Alaska |
11.3% |
|
36 |
Kentucky |
11.2% |
|
37 |
Nebraska |
11.2% |
|
38 |
Arkansas |
10.9% |
|
39 |
Mississippi |
10.8% |
|
40 |
Wisconsin |
10.3% |
|
41 |
New Mexico |
9.7% |
|
42 |
Iowa |
8.9% |
|
43 |
Maine |
8.7% |
|
44 |
Idaho |
7.6% |
|
45 |
Vermont |
7.6% |
|
46 |
West Virginia |
7.3% |
|
47 |
South Dakota |
7.1% |
|
48 |
North Dakota |
6.3% |
|
49 |
Montana |
5.9% |
|
50 |
Wyoming |
4.7% |
Source: iSeeCars.com.
Click here to read the study on the iSeeCars website.