new car buying:

Americans Keeping Their Cars Longer

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Untitled1.jpgThose Intending to Keep Car More than Four Years Up Over 12 Percent
TUSTIN, Calif. (July 14, 2009) — An annual survey of new vehicle buyers shows a significant increase in the number of people planning to hold onto their cars and trucks. In 2005, just over 46 percent of new car acquirers indicated they would not be shopping for a new vehicle for four years or more; in the just completed survey that number has risen to about 59 percent — an increase of almost 13 percent. At the same time, the number of people intending to replace their vehicle within the next 2 years has fallen.


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