Houston steals Dallas' crown as king of the luxury road - FOX 26 News | MyFoxHouston

Houston steals Dallas' crown as king of the luxury road

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Houston is King of the Road when it comes to luxury auto sales.

That helps explain why a high-end Dallas car dealership unveiled its newest high-performance sports car here, instead of there.

The McLaren 12C Spider is a convertible that can accelerate from zero to sixty in just over 3 seconds. The car made its Texas debut at the Houston Motor Club.

"The luxury car market here in Houston is as strong if not stronger than Dallas," said Gren Lewis V, with Park Place Dealerships.

Why are expensive vehicles -- Bentleys, Beamers and Benzes -- selling so well in Houston? There are several possible reasons, says University of Houston economist Steven Craig.

"One dimension: in the current economic malaise, Houston's doing pretty well, relative to other cities in the country," Craig says.

He also suggests Houston's affordable housing market might leave citizens with a little extra pocket change, compared to folks in other US cities where real estate is more expensive.

"Maybe our relatively high-income guys have more disposable income," Craig posits, "because you can get a nice house for $4 million instead of $6 million. And that extra $2 million you can burn up on cool sports cars."

The brand new McLaren convertible doesn't quite cost that much, but it's still out-of-range for most of us.

The base model starts somewhere north of a cool quarter million dollars. An opulently outfitted version will set you back $350,000.

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