This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

What Cars Do Rich People Buy?

Stocks in this article: TSLA

BOSTON ( TheStreet) -- Call it Drivestyles of the Rich and Famous.

Car-shopping site recently analyzed buying patterns in the nation's costliest ZIP codes and found America's richest consumers like Jeeps, Mercedes-Benzes and Teslas more than Rolls-Royces or Lamborghinis.

"They're not buying exotic cars, they're not buying Ferraris, they're not buying the most-expensive cars available," Edmunds Senior Analyst Jessica Caldwell says. "They're buying cars that fit their needs rather than just showing off their wealth."

Caldwell, who compiled Edmunds' list by looking at all new-car registrations filed between Jan. 1 and Aug. 31, said America's ultra-rich seem to favor cars that match the areas they live in.

For instance, Californians who live in Silicon Valley's poshest enclaves like the cutting-edge Tesla (TSLA) Model S electric car. But buyers in Manhattan's ritziest neighborhoods prefer Jeep and Mercedes sport utility vehicles that Caldwell theorizes can handle New York City potholes with ease.

"Rich drivers seem to like cars that are cool but practical for the region that they live in," she says. "They don't always seem to go for the top brand, or even for the most-expensive model within a brand like Mercedes."

Click below to check out which cars drivers in America's five costliest ZIP codes have been buying the most this year.

Edmunds generated the list by looking at Polk car-registration data covering communities at the top of Forbes magazine's latest annual America's Most Expensive ZIP Codes rankings. Car prices refer to manufacturer's suggested retail prices for each vehicle's base 2014 version.

1 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs