Tuesday, November 10, 2015

The Top New Cars Owners Keep for 10 Years

For some models, almost a third of owners hold onto their new cars for a decade, based on a study by iSeeCars.com, an automotive research firm. The analysis of nearly 400,000 cars from the 2005 model year sold between January 1, 2015 and July 30, 2015 revealed that the percentage of the original owners keeping a particular new model for ten years ranged between 3.6 percent and 28.6 percent (original owner cars are cars that were bought as new by the owner). The overall average was 13.5 percent, with 39.9 percent of the 168 models studied above the average and 60.1 percent below the average.

Of the models analyzed, 15 were at least 1.5 times more likely to be held by their owners for 10 years.

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