MenuMENU
SearchSEARCH

New Study Reveals Shift Toward Used

A survey of more than 9,000 vehicle owners found that 38% of them plan to buy used on their next purchase. That percentage grew to 53% among individuals under 40 years ago age.

by Staff
June 12, 2017
New Study Reveals Shift Toward Used

 

1 min to read


SAN FRANCISCO — A survey of more than 9,000 vehicle owners found that 38% of respondents plan to buy a used vehicle on their next purchase, while 34% plan on buying new. The finding points to a shift away from new cars, according to buyer intelligence firm Autolist.com.

Among individuals under 40 years old, 53% buyers said they will buy a used car next time around. Moreover, younger generations not only want to buy used but also plan to own their vehicles for a shorter amount of time: 60% of centennials and 47% of millennials plan to own their next car for less than five years.

“However, not all automakers are seeing their new car buyers move to used vehicles. Some automakers, such as Cadillac and Audi, are in luck: Over 75% of their buyers plan to own their vehicles for less than five years and then buy a new vehicle again,” the firm noted in its report. “Others, such as Subaru, may also be able to count on buyers returning, but at a later point in time: 73% of owners plan to own their car for over five years and then buy new again.

“As a result, the study suggests that the sluggish start to 2017 might be the beginning of a new normal for new car sales,” the firm added.

More Auto Finance

A hand holding small burlap money bags next to a toy red car, symbolizing auto financing, loan payments, and dealership profitability.
Auto Financeby StaffNovember 14, 2025

Report Uncovers $4.7B Opportunity for Auto Dealers

Solving mismatched payment quotes can boost sales, profits

Read More →
Industryby Hannah MitchellNovember 10, 2025

Auto Loans More in Reach

October easier to tap despite approval rates falling

Read More →
Industryby Hannah MitchellNovember 3, 2025

Q3 Auto Loans Reveal Stress

Data reflect growing finance activity on the extreme ends of credit risk scale

Read More →
Ad Loading...
Industryby Hannah MitchellOctober 15, 2025

Debt-Strapped Auto Consumers on the Rise

The amounts owed on under-water trade-ins reach new highs.

Read More →
F&Iby Hannah MitchellOctober 10, 2025

Helping the Credit-Crunched

Though many auto consumers are finding it challenging to trade, dealers can leverage conditions to help them get over the hump.

Read More →
IndustryJuly 31, 2025

Auto Borrower Divide Deepens

Recent patterns show good credit helps navigate high interest rates as highly leveraged consumers sink further.

Read More →
Ad Loading...
Industryby Hannah MitchellJuly 10, 2025

Auto Credit Easier to Get

June upticks still came with risky exposures.

Read More →
Industryby StaffJune 12, 2025

Auto Loans a Little Easier to Get

Slight May improvement came with risks to borrowers, lenders.

Read More →
F&Iby StaffJune 5, 2025

Auto Loan Delinquencies Fell in Q1

Experian report shows other shifts, including banks clawing back market share.

Read More →
Ad Loading...
Auto Financeby StaffMay 13, 2025

Auto Credit Picture Muddled

Overall April conditions didn’t benefit the consumer, especially those presenting more risk.

Read More →