Even Millionaires Can’t Afford to Drive Anymore

The World’s Most Expensive Cars Among the Million Vehicles Entered on Cost2Drive.com.

Its getting so bad even the rich are feeling the pinch of high gas prices.  On the eve of the North American International Auto Show (also known as the Detroit Auto Show) we thought it timely to release some data in the coming week regarding the types of vehicles users are entering on Cost2Drive.com, especially since gas prices are at historic highs for this time of year and we just surpassed one million vehicles that have been entered in our popular fuel calculator app.

As soon as we started digging through the data we noticed some startling results.  Among the tens-of-thousands of Toyota Camrys, Honda Civics and Ford Explorers that we expected to see were thousands of luxury vehicles, some even in the super-luxury category.

Exotic Luxury Cars Entered on Cost2Drive.com

Now, I won’t speculate on whether any of the 614 users that entered the Bugatti Veyron as their vehicle were real owners of this exotic sports car given the $1.8 million price tag, but the sheer volume of routes  entered with  luxury vehicles means its likely that real owners are using the site to help budget for car trips.

Moving down a tier from the super-expensive to just the expensive finds an increasing volume of routes entered with the more familiar luxury car names like  Buick,  BMW and Acura.  In fact nearly 10%of all the vehicles selected on Cost2Drive fell into the luxury or super-luxury category.

Top Luxury Vehicles Entered on Cost2Drive.com

Buick led all manufacturers in the luxury segment with over  16,000 routes entered on Cost2Drive by Buick owners.  The top vehicle type was from owners of the BMW 3-series who entered nearly 7,000 routes.  Here are the top 5 luxury vehicles that were entered on Cost2Drive.

Top 5 Luxury Vehicles Entered on Cost2Drive.com

The average age of all luxury vehicles entered on Cost2Drive was 8.4 years.  Below is the age breakdown from the top ten luxury vehicle manufacturers based on the volume of routes entered on Cost2Drive.com.

Average Age of Top Luxury Vehicles Entered on Cost2Drive.com

So what about the other 900,000 vehicles that have been entered on Cost2Drive? We’ll be revealing additional interesting data on these cars and light trucks later this week.

Part 1 of a 3 Part Series: This is the first installment of 3 posts we’ll be publishing to coincide with the North American International Auto Show (NAIAS) where we’ll reveal data on over 1 million vehicles that have been entered on Cost2Drive.com.

If you have any questions regarding the above information or C2G, LLC  feel free to send us a note here or email me directly at jim@costtogo.com.

Happy Driving!

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3 Responses to Even Millionaires Can’t Afford to Drive Anymore

  1. Pingback: Honda Civic Crowned Top Car on Cost2Drive.com | Cost2Go Blog

  2. An 8.4 year old Lexus or BMW hardly qualifies the owner as wealthy; more like middle class. Entry level cars only cost around $30k (I would hardly call that a sign of wealth) and with the average age of the car whose owner entered their info being 8 years old; I wouldn’t say that millionaires can’t afford to drive… When I was in L.A I saw Aston Martin’s, Lamborghinis and Bentleys and I don’t think their owners are worried about gas…

    • jmkovarik says:

      Thanks for the feedback. This post was supposed to be somewhat toungue-in-cheek and a result of all the ultra-luxury cars people were entering as their vehicles, which in the post states we don’t actually believe are from real owners. However at an average age of 8.4 years that’s still about 1 1/2 years younger that the average car on the road today. FYI – here are some of the BMWs that have been entered since the start of the year:

      2007 X5
      2009 328i
      2010 328i
      2009 528i
      2011 328i
      2009 328ci
      2009 328i
      2011 328i
      2007 550i
      2009 328ci
      2012 128ci convertible
      2008 328i
      2008 328xi
      2008 650ci
      2009 328i
      2009 335i
      2011 328ci
      2009 528i
      2010 X5
      2012 X6

      I’ll stop there as I’m only partially through the list, but its only 2 weeks of data and growing rapidly. Also, keep in mind that people drive fuel efficient cars for reasons other than thrift, which is why BMW and Bentley and other luxury makers are introducing their own electric and hybrid vehicles.

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