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

   www.thezebra.com › average-length-of-car-ownership

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   Apr 19, 2024 · The average time that Americans have owned a car the longest is about 8 years. Americans are keeping their cars for longer periods of time, with the average age of vehicles at 12.5 years. [2] Our study found that on average, people have their longest-owned cars for about 8 years.

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

   www.consumeraffairs.com › automotive › car-ownership

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   Jul 25, 2024 · 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. A major increase occurred in 2023 due to higher costs to finance a ...

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

   www.forbes.com › advisor › car-insurance

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   Mar 28, 2024 · Here are some additional car ownership statistics about new cars: In 2023, the average sales price for a new car was $47,331, and the average sales price for a used car was $29,586. [6] Over the ...

4. Videos

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     What Are the True Costs of Car Ownership?

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     The True Cost of Car Ownership!

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     1:56

     wsj.com

     Americans Are Keeping Their Cars Longer, as Vehicle Age Hits 12 Years

     Jun 14, 2021

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

   www.thezebra.com › car-ownership-statistics

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   Jan 31, 2023 · Car ownership statistics in the United States. According to Move.org in 2021, it costs roughly $5,264.58 every year to own a car in the United States. This includes the average costs for car payments, gas, car insurance, and replacement parts across every state in the country—some of which have much higher costs than others.

   • Author: The Zebra

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

   worldmetrics.org › car-ownership-statistics

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   Jul 23, 2024 · The average age of cars on the road in the US is 11.8 years. 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.

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

   www.kbb.com › car-news › average-length-of-us

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   Feb 23, 2012 · 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 ...

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 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 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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   What is the average age of a car?

   • The average age of vehicles on the road is 11.8 years. The average age of cars on the road in the US is 11.8 years. 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.

   Car Ownership Statistics Statistics: Market Data Report 2024

   worldmetrics.org/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/

   See all results for this question

   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. www.fool.com › the-ascent › researchHow Many Cars Are in the U.S.? Car Ownership Statistics 2024

   www.fool.com › the-ascent › research

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   Aug 28, 2024 · Car ownership rates are ticking upwards in the United States. According to the U.S. Census Bureau, 91.7% of U.S. households had at least one vehicle available in 2022, compared to 90.9% in 2015 ...