Average Length Of Car Ownership Uk

In 2016 car buyers were keeping a vehicle for an average of 36 months. Collectively the ownership period currently stands at 57 months up from about 38. Despite these fluctuations the trend of increasing car ownership is quite clear see.

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Average Length Of Ownership By Vehicle Type U S 2016 Statistic

Average car ownership length dave shortest.

Average length of car ownership uk. Back in the 90s working at a car bodyshop i bought a v reg honda accord from a customer for 20 quid and sold it to a colleague for 30 quid in the same teabreak. On the used vehicle side that interval has risen to 499 months a figure that also represents a new high mark. Figure 2 and if growth continues on the same linear basis by 2020 there will be over 37 million cars in the uk. Men drive more than two thirds as many miles per year on average as women 4159 miles v 2421 miles in 2014.

The pattern is similar in terms of number of trips made as a car driver. In china there are 15 cars per 100 people and very poor countries such as somalia have less than one car per thousand people. In the developed world the number of cars per 100 people is generally between 30 and 50 with a few countries such as canada and new zealand over this. The number of households in the uk who owned no cars increased over this period.

Average age of cars on the road in the united kingdom uk between 2000 and 2016 average age of cars on the road in the united kingdom uk 2000 2016 used car sellers the most important statistics. The company which helps consumers sell their car to dealers compared figures from 2016 and 2018 finding that the average length of car ownership has decreased by 16 months in that time. This statistic depicts the car ownership per household in the united kingdom uk from 2015 to 2017. Bought a b reg sierra that was bodily falling apart for 700 its engine seized just over a week later.

In 2017 an estimated 164 million households in the uk owned no cars. However the average distance travelled by men has been decreasing over time while that by women has increased. With the average new vehicle now selling for 35309 according to kelley blue book and auto financing now extending to as long as eight years its easy to see why initial ownership is up from. More optimistic projections based on accelerating population growth suggest that there could be 44 million cars by then.

Rates of car ownership. According to ihs the average length of ownership was a record 793 months or nearly seven years.