Vehicle Ownership Getting Longer

Retail Automotive Summary

Article Summary
  • Most recent Pur­chase Path Study from CNW Research’s says new-vehi­cle buy­ers plan to keep their car or truck far longer than pri­or to reces­sion
  • Largest move­ment was shrink­ing in four-to-six six year own­er­ship cycle, the main­stay for auto indus­try
  • Pri­or to the reces­sion, more than 35% said they’d keep vehi­cle that long and now fig­ure is bare­ly above 20%
Significance of the Data
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