Most Americans Will Hold On To Their Car Until It Dies

Pretty soon, car salesmen will chase wreckers with the same fervor as lawyers chase ambulances. Finding a dead car might be their only chance to sell a new one. At least if a survey of nearly 4,000 car owners by AutoMD.com is right. Three in four respondents agreed that buying a vehicle every two to three years is a thing of the past, and 78 percent now say that 10+ years (or until it dies) is the appropriate vehicle lifespan. Ah, you think it's because of the bad economy? Over half say that a better economy would not change their habit of holding onto their vehicle for longer. Drivers Keep Vehicles for Over 10 Years Over 10 years 78% 8 – 10 years 15% 6 – 7 years 4% 3 – 5 years 3% The survey jibes with data that shows the hooptification of America. The average age of cars and light trucks currently in operation in the U.S. has increased to 10.8 years. The AutoMD study agrees: 60 percent of the survey's respondents say their primary vehicle has over 100K miles on the clock. from The Truth About Cars http://www.thetruthaboutcars.com

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