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This article [1] was the top google result when I searched "average car ownership length". It reports 79.3 months is the average length that Americans own a veh
by ellisv 8y ago
This article [1] was the top google result when I searched "average car ownership length". It reports 79.3 months is the average length that Americans own a vehicle, so a little more than 6 and 1/2 years. Paying more for a vehicle makes sense if you own it longer (or otherwise get more value out of it).
I think the problem is that people both buy $5 coffee/day AND buy large, expensive to own and maintain vehicles AND replace those vehicles too often.
[1] https://www.cnbc.com/2017/05/28/car-owners-are-holding-their-vehicles-for-longer-which-is-both-good-and-bad.html https://www.cnbc.com/2017/05/28/car-owners-are-holding-their...