Intended Length of Ownership for Next Vehicle Purchase

M.I. Quick Stats - January 28, 2013

Article Summary
  • Inten­tion to keep next pur­chased vehi­cle has been increas­ing – aver­age was 6 years in 2010 and went up to 7.5 years in 2012
  • Pick­up truck own­ers intend to keep vehi­cles longer – aver­age of nine years of own­er­ship
  • Recent KBB.com home page poll showed third of respon­dents intend to keep next vehi­cle pur­chase for 10 years or more
Significance of the Data
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