Miami Is America's Top Market for Luxury Cars

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Miami's overall economy may still be in recovery mode, but that doesn't mean we're scrimping when it comes to our cars. Luxury cars and trucks make up a higher percentage of the Miami area's overall auto sales than in any other market in the country.

According to Miami Today, figures from Dominion Enterprises, a company that tracks auto sales figures, luxury sales accounted for seven percent of overall sales in Miami in March. That's higher than any other major market. In Los Angeles, for example, only 5.9 percent of their car sales were for luxury cars.

Miami's luxury auto sales are also growing. We bought 9,834 fancy cars between January and March. That's up from 8,402 during the same quarter last year.

So what fancy cars are we buying? German mostly. Mercedes-Benz, BWM, Audi and Porsche produced six of the top ten best selling luxury cars in the area and seven of the top ten luxury SUVs. The Mercedes-Benz 250 was the overall best selling luxury car. Though, cars from Lexus and Cadillac also made the list. (In comparison, Japanese cars are the top selling cars in Miami across all markets).

Though, when it comes to the super high-end market, Miamians prefer Italian. Fifty-five Ferraris were sold in Miami during the first quarter of 2013, followed by 45 Maserati Granturismos.

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9 comments
HarryTheHandyman
HarryTheHandyman

Awesome.  I wouldn't mind a new BWM, though.

Your source sucks BTW.

"But what about the most expensive models? Those were the Ferrari Ferrari, with 55 sold for an average price of $202,908"

The "Ferrari Ferrari" doesn't exist, but the "LaFerrari" does.  Its priced at over a million and its a very limited production car.  You changed that to simply "Ferrari" when you wrote this, but then you're counting all cars from one manufacturer whereas you list "45 Maserati Granturismos."

Being a new aggregator is a tough job.

frankd4
frankd4 topcommenter

it's NOT just having the money.................................. it's being able to AFFORD THE HIT after the initial years depreciation of as much as half the original purchase price

Mike Roman
Mike Roman

M.C. Customs - thought ya might like this article

frankd4
frankd4 topcommenter

it is ESTIMATED that a significant portion of the economy here is DRUG related and these vehicles seem to appeal to that crowd OTHERWISE i can't how PALM BEACH doesn't dwarf anywhere else for high-end per-capita BLINGmobiles where BENTLEYs and ROLLs are as common as chevys

exactly WHERE in MIAMI does one DRIVE a car that can go 225 miles-per-hour ?

anyway the status symbol de jour is now the JET AIRCRAFT ever since the super-YACHT became je-joune

Id10T
Id10T

when is the last time a poor man gave you a job?


rich people are good for our economy! 

Kenia West
Kenia West

Cause toyotas don't look good with that ocean drive background.

CharlesKimbote
CharlesKimbote

Easier to afford a Bimmer when you still live at home with mami y papi.

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