These Are The New Cars Owners Keep The Longest CarBuzz News Features New Cars Used Cars Sell My Car Shopping Tools Car Reviews Car Finder Compare Cars Best Cars Car Dealerships Used Car Reviews Car Advice Home News These Are The New Cars Owners Keep The Longest

These Are The New Cars Owners Keep The Longest

Aug. 03, 2018 2:11 PM ET by Martin Bigg / 13 Comments Unsurprisingly, most of them are SUVs. With the rising costs of new car loans, owners are keeping their cars longer than ever before. According to a study by iSeeCars, the average new car buyer holds onto their cars for around seven and a half years, but some models are being kept even longer. The study found the new car that drivers keep the longest is the Ford Expedition, which is held onto for an average of nine years before being sold. Unsurprisingly, six of the top ten most kept vehicles on the list are SUVs including the Ford Explorer (8.4 years), Chevrolet Suburban (8.4 years), Toyota Sequoia (8.9 years), Toyota 4Runner (8.8 years). iSeeCars CEO Phong Ly believes this is because they tend to be used as family haulers people hold onto until they are no longer needed. The second car on the list was the Chevrolet Corvette, which also happens to be the only sports car on the list, with an average ownership length of nine years. Ford Why do people tend to keep sports cars for so long? According to Ly, because they don't tend to be an owner's primary vehicle and therefore don't get used as often, so they don't need to be replaced as quickly. Three sedans also made the list including the Toyota Avalon (8.6 years), the Honda Accord (8.3 years), and the Ford Taurus (8.3 years). The only minivan on the list was the Honda Odyssey at the number ten spot, with an average ownership length of 8.3 years. Like SUVs and crossovers, owners are more likely to hold onto a minivan until their children grow up. Notably absent from the top ten list are luxury vehicles. This suggests that luxury buyers are more likely to change vehicles more frequently, which makes sense considering most luxury cars are leased. Surprisingly, no trucks made the overall top ten list, but a separate study of pickup trucks owners tend to keep the longest buyers tend to hang onto them for between seven and eight years since reliability is a priority for buyers in this segment. The Ford F-150 is typically replaced after 7.2 years, while the Toyota Tacoma is the most kept pickup truck according to the study with an average 7.8 years of ownership. Toyota Honda Ford Honda Chevrolet Ford Toyota

Join The Discussion

Show Comments (13)

Gallery

10 Photos Tags: #Ford News #Honda News #Toyota News #Chevrolet News #Industry News #Trucks

Related Cars

Ford Expedition Ford Explorer Ford Taurus Honda Odyssey Toyota 4Runner Toyota Avalon Toyota Sequoia Honda Accord Chevrolet Corvette Z06 Coupe LoginSign Up Home News Features Car Reviews Car Advice 2021 CarBuzz Awards New Cars Used Cars Future Cars Compare Cars Sell My Car Car Dealerships Buy Here Pay Here Used Car Reviews Popular Tags Cars # Video # TOP # Spy Shots # Reveal # Rumor # Auto Show # Supercar # Tuning # Car Culture # Industry News # Motorsport Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Make Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Car Type SUVs Crossovers Sedans Coupes Trucks Sports Cars Wagons Vans Hatchbacks Convertibles Small Cars Luxury Cars Electric Cars Hybrid Cars Future Cars By Price Up to $15K $15K - $25K $25K - $35K $35K - $45K $45K - $55K $55K - $75K $75K - $100K $100K - $200K $200K - $300K Above $300K Back To Top