autoevolution
 

Consumers Keen to Keep Their Cars Longer

A recent survey on vehicle life span per owner and repairs shows that users are determined to keep their current vehicle much longer than the previous one, with some respondents willing to put at least 50,000 miles on their present car.

The study, conducted by AutoMD, an online auto repair resource, also reveals that most owners intend to use their current vehicle until it dies, performing their own repairs and being more sensitive to maintenance issues due to the current economic situation.

Almost half of those who took part in the survey said that their present car has over 100,000 miles. A combined 69% reported that they would not purchase another car until the present one exceeds 150,000 miles (13%) or until their vehicle dies (56%). 77% of those questioned intend to put 50,000 more miles on their current vehicle than they did on their previous one. Only less than 12% said that they want to keep their current car for fewer miles than their previous car.

When inquired about repairs, more than half of the responders reported spending $500 or more on yearly repairs to their vehicle. 21% of respondents said that they spend in excess of $1,000 for these operations. 44% are forced to pay more attention to maintenance & repairs or even do the repairs themselves due to their financial situation.

"Not only are consumers holding onto their vehicles for years longer but, more significantly, for miles longer, opting to repair and maintain rather than purchasing new," said Auto MD President Shane Evangelist.  "We estimate that these car owners will be spending at least an additional $2,500 on repairs over the intended life of their vehicle,” he added.

The survey was conducted December 2009 through January 2010.
If you liked the article, please follow us:  Google News icon Google News Youtube Instagram X (Twitter)
About the author: Andrei Tutu
Andrei Tutu profile photo

In his quest to bring you the most impressive automotive creations, Andrei relies on learning as a superpower. There's quite a bit of room in the garage that is this aficionado's heart, so factory-condition classics and widebody contraptions with turbos poking through the hood can peacefully coexist.
Full profile

 

Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories