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Monday, July 23, 2012

93% Say Vehicle Life Should Be 8 years


More practical consumers are getting used to older vehicles -- but are more scrupulous about service, with independent repair shops trumping dealership service centers for aging vehicles

AutoMD.com Survey: 93% say vehicle life should be 8 years (or until it dies). (PRNewsFoto/AutoMD.com)

CARSON, Calif., July 23, 2012 /PRNewswire/ -- Reports of the death of the two to three year vehicle purchasing cycle have not been exaggerated according to a new survey of nearly 4,000 car owners by AutoMD.com*. Three in four respondents agreed that buying a vehicle every two to three years is a thing of the past, and 78% now say that 10+ years (or until it dies) is the appropriate vehicle lifespan. Most telling is that over half say that a better economy would not change their habit of holding onto their vehicle for longer.
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