How Strongly Do You Agree
Or Disagree With The
Because Of The Current
State Of The Economy, I
Plan On Keeping My Car
Longer Than I Originally
DriverSide recently conducted a national survey of car owners age 18 and over with the help of independent research company Kelton Research, in which we determined most American car owners are “keeping it in neutral” due to the current economy, by which we mean they plan on keeping their current car longer than they originally planned. Below are the survey results.
Keeping It Home.
More than four in five (82 percent) car owners plan on keeping their current vehicle
longer than they originally planned, due to the economy.
Dollar Days. Lower-income Americans are more likely to be holding their automobile tight. Nearly nine in ten (86 percent) car owners with a household income less of than $40,000 plan to keep their car longer than originally planned, compared to 79 percent of those who make $40,000 or more.
Having a child
in the house also increases the likelihood that cars won’t be sold or traded-in anytime soon. Almost nine out of ten (86 percent) American parents who own a vehicle intend on holding onto their wheels longer than they originally planned, compared to 81 percent of those without kids.
Staying Even Longer. The larger the family size, the more likely the car will hang around longer. Almost nine in ten (86 percent) car owners with three or more people in their household will keep their car longer than expected because of the state of the economy, compared to 79 percent of those with two or less people in their household.