64%
The percent of consumers who said they were “very or extremely likely” to keep their current vehicle longer than they normally would due to economic conditions, in a poll from R.L. Polk & Co. Additionally, Polk reported that the average length of ownership of both new and used vehicles increased from a little more than three years in 2002 to nearly four years in 2008, a 24 percent increase.
Was this article valuable?
Here are more articles you may enjoy.
Pierce Named CEO of GEICO as Combs Resigns 
Owner of Historic Minnesota Resort Charged With Arson, Insurance Fraud 
‘Dream Is in Sight:’ Chamber, Reinsurers, Insurers Urge Florida to Stay the Course 
Viewpoint: Healthcare Cyber Insurance at an Inflection Point From This Issue
