The boss just wants a simple ride

Filed under: Car Buying Sedans/Saloons Earnings/Financials

Think captains of industry are all driving top-of-the-line luxury sedans like the Mercedes S-Class or Jaguar XJ8? Think again. Business Week theorizes that most CEOs just want a simple set of wheels that will reliably get them to and from the corner office and to their next appointment with a minimum of fuss.

According to a pole conducted jointly by Cars.com and CareerBuilder.com the average CEO spends less than $25000 on a car while only 19% of those poled drive luxury cars. The largest portion is driving run-of-the-mill passenger cars (29%) followed closely by SUVs (24%). Some like the heads of construction companies prefer the utility of a pick-up truck (13%) or vans (9%) while a small percentage opt for sports cars (6%). (The size of the companies whose CEOs were surveyed was not specified.)

Related post:

• What do billionaires drive? Same cars as the rest of us...

[Source: Business Week via StraightLine]

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