What race buys more luxury cars?
According to a report from Experian Automotive: In 2020, Blacks purchased 10. U. S. Eleven percent of BMWs sold in the United States, Jackson said, are purchased by black Americans. Five of 340 BMW dealerships nationwide are black-owned, BMW confirmed.Honda, Toyota and BMW are the brands most likely to be definitely considered by ethnic buyers, a new survey finds. BMW is tops among African Americans. Toyota is No. Latino Americans.
What percentage of the American population owns a car?
How Many Americans Own Cars? The average American is a car owner. Across the country, 92 percent of American households have one vehicle or more, according to the latest U. S. Census data. Nationwide, 55. Americans have a foreign car, and 44.
What do African Americans buy the most?
What Do Blacks Spend the Most Money On? Black households spend a significant portion of their income on housing, food, healthcare, and personal care products. In 2019, consumer expenditures by Black households totaled approximately $835 billion. Combined spending by all Black households has increased 5 percent annually over the past two decades. It has outpaced the growth rate of combined spending by White households (3 percent), driven mostly by faster population growth.