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1. www.thezebra.com › average-length-of-car-ownershipSurvey: Average length of car ownership in America - The Zebra

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   Apr 19, 2024 · A typical car is expected to last 200,000 miles or more, with electric or hybrid vehicles going up to 300,000 miles. If you drive the average number of miles for an American, a typical car should last you about 14 years and an electric car will last about 21 years.

2. www.forbes.com › advisor › car-insuranceCar Ownership Statistics 2024 – Forbes Advisor

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   Mar 28, 2024 · Forbes Advisor conducted a deep dive into the latest available data to uncover car ownership rates by state, car ownership costs by state (including car insurance costs), electric...

3. www.kbb.com › car-news › average-length-of-usAverage length of U.S. vehicle ownership hit an all-time high

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   Feb 23, 2012 · Last month, a corollary Polk research study found that the average age of the passenger car and light truck fleet in America has now reached an all-time high of 10.8 years.

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5. www.thezebra.com › car-ownership-statisticsCar Ownership Statistics in 2024 - The Zebra

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   Jan 31, 2023 · In 2019, 8.7% percent of American households do not have access to a working vehicle (United States Department of Housing and Urban Development). The average American household owns at least two cars. (Statistica) Roughly 88% of Americans ages 15 or older are reported as drivers.

   • Author: The Zebra

6. www.consumeraffairs.com › automotive › car-ownershipCar ownership statistics 2024 - ConsumerAffairs

   www.consumeraffairs.com › automotive › car-ownership

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   Jul 25, 2024 · How long is the average length of car ownership? A combination of factors are coming together to make Americans keep their vehicles for longer than before.

7. worldmetrics.org › american-car-ownership-statisticsAmerican Car Ownership Statistics: 11.9 Year Average Age

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   Jul 23, 2024 · The average American car is driven about 13,500 miles per year. The average length of time a person keeps a new vehicle in the U.S. is 6.5 years. The average cost of annual vehicle maintenance in the U.S. is $1,186.

8. People also ask

   What is the average length of car ownership in the US?

   • The average length of car ownership in the US is 6.5 years. 30% of car owners have at least one outdated safety feature in their vehicle. The average age of cars on US roads is 11.8 years. The average car loan term in the US is 69.6 months. In the US, the average car loan term is 69.6 months.

   Car Ownership Statistics Statistics: Market Data Report 2024

   worldmetrics.org/car-ownership-statistics/

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   How long do Americans own a car?

   • Below are our findings about the average length of car ownership and what factors Americans consider when buying a new car. Key findings: Americans own their longest-kept cars for an average of about 8 years. In our sample, 64% have only owned their current cars for 5 years or less. 80% of Americans considered the cost before buying a new car.

   Survey: Average length of car ownership in America - The Zebra

   www.thezebra.com/resources/driving/average-length-of-car-ownership/

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   How many people own a car a year?

   • That means that 91.7% of households have at least one vehicle, with some owning two or more. How much does car ownership cost annually? For the past 20 years, the average cost of car ownership has steadily increased, rising from $7,754 in 2003 to $12,182 in 2023.

   Car ownership statistics 2024 - ConsumerAffairs

   www.consumeraffairs.com/automotive/car-ownership-statistics.html

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   How many cars do Americans own?

   • In a February study conducted by Experian Automotive, the average American household owns 2.28 vehicles. This study also found that 35% of households own three or more cars. Q: What percentage of cars are owned outright? As of September 2017, only 36% of car owners were able to make the full payment and purchase their vehicle outright.

   Car Ownership Statistics in 2024 - The Zebra

   www.thezebra.com/resources/research/car-ownership-statistics/

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   How many hours a year do you drive a car?

   • On average, a car is driven only 4% of the time during its lifespan. The average American spends about 42 hours a year stuck in traffic. In the US, the average household spends $9,282 per year on owning and operating a vehicle. Cars are parked 95% of the time on average. The average annual car insurance premium in the US is $1,427.

   Car Ownership Statistics Statistics: Market Data Report 2024

   worldmetrics.org/car-ownership-statistics/

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   How long are Americans holding on a new car?

   • The latest data compiled by global market intelligence firm R.L. Polk & Co has found that Americans are now holding onto their new vehicles for a record 71.4 months. On the used vehicle side, that interval has risen to 49.9 months, a figure that also represents a new high mark.

   Average length of U.S. vehicle ownership hit an all-time high

   www.kbb.com/car-news/average-length-of-us-vehicle-ownership-hit-an-all_time-high/

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9. worldmetrics.org › car-ownership-statisticsCar Ownership Statistics Statistics: Market Data Report 2024

   worldmetrics.org › car-ownership-statistics

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   Jul 23, 2024 · Statistic 1. The average age of vehicles on the road is 11.8 years. Statistic 2. The average age of cars on the road in the US is 11.8 years. Statistic 3. The average length of car ownership in the US is 6.5 years. Statistic 4. 30% of car owners have at least one outdated safety feature in their vehicle. Statistic 5.