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How Often Do Owners Replace Their Auto?

Posted on: 09/29/2016

If you replace your car every 2 to 6 years it might seem difficult to think that some people keep their autos for 10 years or more. Would it surprise you to learn that 32% of owners keep their auto that long?

Here are statistics from a survey of 1,198 respondents by EFG Cos.:

Frequency Percentage
More than once a year 0%
Every year 1%
Every 2-3 years 13%
Every 4-5 years 18%
Every 6-7 years 16%
Every 8-9 years 12%
Every 10 years or more 32%
Don’t know/not applicable 8%