Tuesday, February 21, 2012

Greenwich Life: 1 in 7 cars in Greenwich a BMW or Mercedes


Eat your hearts out. In Greenwich, the Merritt Parkway goes by another name, and it's not Route 15 -- it's the autobahn. At least one out of every seven autos registered here is a BMW or Mercedes, according to the town's newly updated tax rolls, which also boast 977 Porsches and four Maybachs, including one worth $230,000 owned by none other than a hedge fund.

But compared to the most expensive rides on the Grand List, so-called German luxury brands represent mere starter cars to the moneyed gentry in this town, if one could call them that.

Greenwich is trading up, with a growing demographic of horsepower-obsessed denizens swayed by brands such as Ferrari, Rolls-Royce, Bentley and Aston Martin.

Motor vehicle assessments, the equivalent of 70 percent of current market value, shot up by $50 million overall in the past year to just under $751 million. Of the 20 most expensive cars registered in Greenwich, which has nearly as many automobiles (54,093) as people (61,171), just four are German-made.

A 2008 Maybach -- think of it as a Mercedes on steroids -- registered to the Tudor Investment Corp., didn't even crack the top 20. It was 28th…


Read more: http://www.greenwichtime.com/news/article/1-in-7-cars-in-Greenwich-a-BMW-or-Mercedes-3340419.php#ixzz1n4DLJTZp

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