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21.1% of Toyota 4Runner owners hold onto their cars for at least 10 years |
Just
as the U.S. population is aging with the Baby Boomer generation passing
into retirement, the nation’s fleet of cars and trucks is likewise
approaching senior citizen status. The average age of all light-duty
vehicles in the U.S. has reached a new all-time high of 11.5 years
according to IHSAutomotive. A separate study conducted by AutoMD.com
found that two in three consumers are now driving vehicles with over
100K miles on the odometer.
Not
only do those numbers account for a majority of models being piloted by
their second or third owners, an average 13.5 percent of cars a decade
or older are held onto by their initial purchasers, according to a study
conducted by the car shopping website iSeeCars.com, with some models
boasting over 26 percent long-term ownership.
Statistics
are based on an analysis conducted by iSeeCars.com of nearly 400,000
cars from the 2005 model year that were sold between January 1, 2015 and
July 30, 2015. For each model, the number of cars sold by the original
owner (based on Carfax data) was tallied and expressed as a percentage
of the total number of cars sold. Original owner cars are cars that were
bought as new by the owner. Models with fewer than 50 original-owner
cars were excluded from further analysis.
See photos of the 15cars HERE
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