The 10 automotive manufacturers that may make others assume you are properly off
- ONS defines excessive earners as these with a wage in extra of £75k a 12 months
- Auto Trader checked out manufacturers generally owned by individuals on this wage bracket
What does the automotive you drive say about how properly you are doing?
There are explicit manufacturers that counsel the individual behind the wheel is a excessive earner, in response to a brand new report.
It has revealed the ten automobiles makes which are owned by those that earn in extra of £75,000 a 12 months.
Which model is mostly owned by excessive earners? We’ll provide you with a clue – it is a premium German marque
Cars have lengthy been used as an announcement of wealth and success.
Auto Trader, the UK’s largest automotive market place, has undertaken a examine to know if premium motor manufacturers are nonetheless the standing image they was once, or whether or not different kinds of vehicles – similar to electrical automobiles (EVs) – have gotten the following badge of status.
To uncover what vehicles excessive earners drive, it surveyed practically 1,300 UK drivers aged 18 and above and cross-referenced their outcomes with their wage.
With the Office for National Statistics defining excessive earners as these bringing house in extra of £75,000, the model mostly pushed by respondents within the wage bracket is BMW.
Around one in six (16 per cent) of excessive earners mentioned they drive a automotive constructed by the premium German maker.
Second within the checklist was neighbouring automotive agency Audi with 15 per cent of drivers incomes £75,000 proudly owning a mannequin with the four-ring emblem within the bonnet.
In third spot was Ford (14 per cent), forward of Mercedes-Benz (12 per cent), Toyota (8 per cent) and Volvo (8 per cent).
While the outcomes present quite a few manufacturers which are sometimes related to wealth, together with Land Rover in tenth spot with 6 per cent share of high-earner drivers, the remainder of the highest ten rankings embrace extra reasonably priced manufacturers similar to Nissan and Vauxhall.
‘The responses from the UK’s excessive earners present that the automotive individuals drive would not at all times give a transparent indicator of their revenue,’ Auto Trader concluded.
Audi was second within the checklist of automotive manufacturers mostly owned by drivers incomes in extra of £75,000 a 12 months
More £75k-plus earners drive Fords than Mercedes-Benz fashions, in response to a examine performed by Auto Trader
High earners extra prone to go electrical
But the examine did discover that the UK’s excessive earners usually tend to drive an electrical or hybrid car.
Given the premium price ticket related to EVs, it comes as little shock that it is high earners who usually tend to drive one.
Studies have additionally discovered that greater than 4 in 5 of the nation’s current EV drivers cost their vehicles at house, suggesting the bulk have driveways, garages or some type of off-street parking.
Auto Trader’s examine discovered {that a} quarter (25 per cent) of individuals within the UK’s highest family revenue bracket personal a motor both totally or partly powered by a battery.
Unsurprisingly, the following probably revenue bracket group to drive electrical are these with a family revenue between £55,000 to £65,000.
As a part of the examine, researchers additionally appeared particularly on the electrical vehicles excessive earners drive essentially the most, with Tesla popping out on high.
Arguably, this can be a signal that driving an electrical automotive is quick turning into a logo of wealth and success, because the Musk-owned model is broadly considered a high-end and premium producer.
