A new study says you're likely to see more luxury vehicles on the road in New Jersey than anywhere else in the US.
Over the last year, analysts found that luxury vehicles accounted for 17.7 percent of all car sales. In the Garden State, 27.9 percent of residents have reportedly put their money into higher-priced automobiles. Next in line was California at 25.2 percent, followed by Connecticut at 24.6 percent and Florida at 22.1 percent. New York still maintains its prestige in the top five spot with 21.5 percent.
, which ranked last at a modest 5.2 percent. North Dakota, Vermont, Montana and West Virginia followed suit with the lowest number of luxury vehicle sales.So, what makes some states buy more luxury cars than others? Analysts noted that population density was a key factor in their findings. States with the fewest luxury cars also have the lowest population density. Those with smaller populations typically have fewer numbers of cars on the road .
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