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Wealthiest Americans Drive Majority of New Car Sales in the U.S.

The top 20% of earners in the U.S. are responsible for the majority of new car purchases, a trend attributed to the AI-fueled bull market in stocks.

4 Aug, 17:09 — 4 Aug, 17:09
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marketwatchMostly Factual2h ago

The richest 20% are buying most of the new cars sold in the U.S.

The AI-fueled bull market in stocks has shifted U.S. car sales into a higher gear — and the richest Americans are doing most of the buying.

By Jeffry Bartash

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