Luxury vehicles go beyond being just a brand name; they serve as a status symbol and typically reflect a particular quality of life. When it comes to luxury cars, some well-known brand names include Mercedes, Cadillac, and BMW. However, certain brands are more sought after by wealthier households in the United States than others.
For a vehicle to be classified as a luxury car, it needs to have features that go beyond basic necessities and add a touch of glamour and sophistication. For instance, as per Certified Autoplex, luxury vehicles are classified based on their exceptional performance, upscale interiors, and advanced technology and safety features.
According to Statista, the luxury car segment accounts for approximately 5% of the U.S. car market. So, which luxury vehicles are favored by affluent Americans? Windfall utilized its wealth intelligence platform to create a list of the top 10 luxury vehicles favored by its affluent households, those with over $1 million. The vehicles are listed based on the total amount owned by wealthy households. Details about the make, model, and style of the vehicle, along with the states where it is most popular, are also included.
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Top Luxury Cars for America’s Most Wealthy Persons
BMW X5
The BMW X5 offers a variety of powertrains, making it a top choice among luxury SUVs. For 2021, a new xDrive45e plug-in hybrid has been introduced, with the XDrive50i trim being discontinued, as reported by U.S. News & World. It loves quick acceleration, high-end interior materials, a twin-turbocharged 3.0-liter, six-cylinder engine, and more.
Acura MDX
Car and Driver reports that the Acura MDX features a 290-horsepower 3.5 liter V-6 engine paired with a 10-speed automatic transmission. The Type S model comes with a powerful turbocharged 355-hp 3.0 liter V-6 engine, and all-wheel drive is included as standard. Acura is already promoting its 2022 model (it skipped 2021).
Cadillac CTS
The Cadillac CTS made its debut in 2003. Several versions have been launched since then. The 2014 model stood out for its V-Sport trim and twin-turbocharged V-6 engine. On the other hand, the 2016 model featured a supercharged 6.2-liter V-8 engine with 640 horsepower, as reported by Cars.com.
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Lexus RX 350
The 2021 Lexus RX 350 stands out as a top luxury midsize SUV due to its strong reliability rating and impressive performance, as reported by U.S. News & World Report. The new model includes blind spot monitoring, rear cross traffic alert, and auto-dimming of the outside mirror. It boasts an extensive array of standard and optional features.
BMW 328i
The BMW 328i continues to be a popular choice, even though no new model has been introduced since 2017. The 2016 model comes with 240 horsepower, an inline four-cylinder engine, and six-speed manual- and rear-wheel drive, as reported by Edmunds.
Cadillac Escalade
Automobile Magazine reported that the 2021 Cadillac Escalade is the fifth generation of the car. The magazine describes the interior as the most luxurious and well-designed cockpit from GM in years, featuring a 38-inch OLED display. The vehicle is equipped with a semi-autonomous driving system that includes lane assist, lane change assist, and adaptive cruise control.
Mercedes-Benz E 350
The Mercedes-Benz E 350 is highly regarded for its engine, transmission, and performance by Car and Driver. The E 350 features a turbocharged, four-cylinder engine producing 255 horsepower. It is compatible with both rear-wheel and all-wheel drive.
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