5 Car Brands Old People Drive

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
5 Car Brands Old People Drive

© Thinkstock

[cnxvideo id=”655243″ placement=”ros”]Almost exactly two years ago, research firm IHS Automotive released a study on the average age of people who buy car brands sold in the United States. America’s top two luxury brands, Cadillac and Lincoln — from General Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F), respectively — are among the five vehicles bought by the oldest part of the car buying population. Today, the two brands still face the problem.

The five brands, listed beginning with the oldest average age of buyers, according to the study, were Cadillac (61 years old), exotic Bugatti (59.5 years old, and a brand that sells only a few hundred cars a year), Lincoln (59.5), Toyota Motor Corp.’s (NYSE: TM) Lexus (56.9) and Jaguar (56.6).

More recent information shows the trouble has not changed by much, at least not for the U.S. companies, which have struggled to move their sales numbers higher and buyer ages lower. Lincoln’s sales have increased 17.1% through April to 34,681 but remain well behind category sales leaders BMW, Mercedes and Lexus. Cadillac’s sales fell 11.5% to 46,869 during the same period.

Earlier this year, in a story about Cadillac sales in China, Reuters pointed out:

Cadillac says the average age of a buyer of its cars in China is 34, little more than half the average age in the U.S.

[recirclink id=330933]
Cadillac acknowledged earlier this year that its buyers are at the old end of the spectrum of owners:

The average age of buyers in 2015 was 57, says a Caddy spokesman.

Lincoln’s problem is nearly identical, but the average age of its buyers apparently has dropped over time. According to the Detroit Free Press:

Critics of traditional American luxury brands such as Lincoln (and Cadillac for that matter) often point to their aging buyer demographics as evidence that they are doomed to fail. But in Lincoln’s case at least, the trend is reversed. In 2008 the brand’s average buyer was 67; today that number’s down to 58. That’s still a few years shy of the overall luxury car buyer’s average age of 54, but it’s headed in the right direction.

Cadillac and Lincoln may have gained some on the age index, but not enough to keep them out of the “oldest buyers” category.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

WAT Vol: 673,007
INTC Vol: 94,904,553
ROK Vol: 704,507
DD Vol: 2,229,288
MU Vol: 30,116,230

Top Losing Stocks

PYPL Vol: 21,545,392
PLTR Vol: 39,796,339
APTV Vol: 4,300,597
POOL Vol: 644,882