No puedo crear una tabla con preparedStatement

Tendrá que formatear la cadena después de leer el nombre de la tabla, algo como:

static String queryCreateTable = "CREATE TABLE {0}" +
                                 "(ID INTEGER not NULL ," +
                                 "BRAND VARCHAR(40)," +
                                 "MODEL VARCHAR(40)," +
                                 "YEAR INTEGER not NULL," +
                                 "NOVELTY BINARY," +
                                 "PRIMARY KEY ( ID ))";

luego crea como:

newNameOfTable = JOptionPane.showInputDialog("Connected for saving data. " +
                            "Input name of new table:");

statement = connection.createStatement();
statement.execute(MessageFormat.format(queryCreateTable, newNameOfTable));