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Land of luxury High-end car sales booming in N.J.

Kevin J. Flanagan, president of Aston Martin Summit, will begin selling cars such as the Aston Martin Vanquish out of his dealership later this month.

Exotic, luxury car ownership is making a comeback, and according to Jim Appleton — president of the New Jersey Coalition of Automotive Retailers and current chairman of the Automotive Trade Association Executives — there’s no better place to capitalize on it than in the Garden State.

If you’re one of those people who take stock of your life whenever you’re next to a fancy sports car — and usually don’t like what you see — we’ve got some bad news:

You’re in for a tough summer.

Exotic, luxury car ownership is making a comeback, and according to Jim Appleton — president of the New Jersey Coalition of Automotive Retailers and current chairman of the Automotive Trade Association Executives — there’s no better place to capitalize on it than in the Garden State.

“New Jersey is exactly the kind of place these dealerships should locate,” Appleton said. “We have one of the nation’s strongest car markets, especially for high-end vehicles, because New Jersey is one of the top average income states in the nation.

“If not here, where?”

In May, Maserati opened a dealership in the Whippany section of Hanover. Later this month, Aston Martin will open its newest U.S. appointment in Summit.

The reason is simple:

“There’s money in Morris County,” said Joe Ripolino, general sales manager at Maserati of Morris County, where 80 percent of its buyers are Morris County residents.

The same holds true for Summit, which is in the heart of some of the wealthiest towns in the country.

“We also have proximity to a real wealth base in Chatham, New Vernon, Mendham, Bernardsville, Madison and Westfield,” said Kevin Flanagan, president of Aston Martin Summit.

Meg Fry