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I Love People Who Buy Expensive Cars!
We need people to keep our economy firing on all cylinders!
I got some feedback recently from a reader of my work. The reviewer noted that I am critical of expensive cars and the people who own and drive them. Nothing could be further from the truth!
According to Statista.com, “Luxury cars represented an estimated $5,000,000,000 revenue in the US [for] 2021, with a projected growth for 2022. The U.S. was the leading market for luxury automobiles worldwide, with a market size over threefold the revenues generated by the luxury car market in Germany, the second-largest market for the segment.”
Mordor Intelligence states, “The global luxury car market was valued at around USD 410 billion in 2020. The market is projected to grow to USD 566 billion in 2026.
That is a lot of cars — and a lot of money!
When I read statistics like this it is really hard for me to wrap my head around it. These are huge numbers. But it means much more to me than numbers. I think of the amount of money that is injected into our economy because of these automotive purchases.
Just imagine the number of people employed by a financial engine of this size. The salespeople, mechanics, receptionists, parts counter service technicians, and telephone…
