These are the 10 new cars we keep the longest before selling

 

SUVs and sports cars dominate the top 10 vehicles new-car owners hang onto longest before selling, research reveals – and the reasons range from timeless styling to unique features.

Automotive research firm iSeeCars.com analyzed more than 15 million vehicles sold by original owners, which showed the Toyota Land Cruiser is kept longest of all at 10.6 years, well beyond the 7.3-year average.

Two other Toyotas, the Sequoia and 4Runner, along with the Ford Expedition and Ford Explorer, make up the rest of the SUVs on the list. The Porsche Boxster, Mercedes-Benz SLK, Chevrolet Corvette and Audi TT are the sports cars that are seemingly hard to part with, while the Toyota Avalon, the sole sedan, rounds out the top ten.

 

Top 10 new cars owners keep longest

Model

Average years of ownership

  1. Toyota Land Cruiser
  2. 10.6

  3. Porsche Boxster
  4. 9.9

  5. Ford Expedition
  6. 9.0

  7. Mercedes-Benz SLK
  8. 9.0

  9. Ford Explorer
  10. 8.9

  11. Toyota Sequoia
  12. 8.9

  13. Chevrolet Corvette
  14. 8.8

  15. Toyota Avalon
  16. 8.8

  17. Toyota 4Runner
  18. 8.8

  19. Audi TT
  20. 8.8

 

 

“While the average age of cars on the road overall has grown to well beyond a decade, among new-car buyers, people are getting rid of their cars after 7.3 years on average – one or two years after they’ve paid them off,” said iSeeCars.com CEO Phong Ly.

Yet the owners of cars in the top 10 are keen to hold on to their new vehicles for a number of reasons, Ly suggests.

“The first-ranked Land Cruiser has a very niche buyer who’s looking for rugged, off-road capability, but also luxury features,” he said. “With competitors like Land Rover’s Range Rover and the Mercedes-Benz G-Class, it’s the least expensive option when comparably equipped.”

As for the other, larger SUVs, owners of these typically high-mileage and popular family vehicles may not want to replace them before their children get older, offers Ly, while the timeless styling of the sports cars encourages their owners to wait before deciding to sell or trade in.

iSeeCars.com broke the results of their study down in other ways, and highlighted the length of ownership of some of America’s most popular new cars before they’re sold.

 

Length of ownership for 20 popular new cars and trucks

Model

Average years of ownership

  1. Ford Explorer
  2. 8.9

  3. Honda Accord
  4. 8.4

  5. Toyota Camry
  6. 8.0

  7. Honda Civic
  8. 7.9

  9. Jeep Grand Cherokee
  10. 7.8

  11. Toyota Corolla
  12. 7.7

  13. Honda CR-V
  14. 7.6

  15. Dodge Ram / Ram Pickup 1500
  16. 7.5

  17. Chevrolet Silverado 1500
  18. 7.4

  19. Ford F-150
  20. 7.4

  21. GMC Sierra 1500
  22. 7.3

    Overall Average

    7.3

  23. Nissan Altima
  24. 7.2

  25. Hyundai Elantra
  26. 7.2

  27. Nissan Sentra
  28. 7.1

  29. Toyota RAV4
  30. 7.1

  31. Ford Escape
  32. 6.9

  33. Chevrolet Malibu
  34. 6.6

  35. Chevrolet Equinox
  36. 6.0

  37. Ford Fusion
  38. 5.7

  39. Nissan Rogue
  40. 5.3

 

 

The Ford Explorer, which featured in the overall top 10, leads this list. Half of these vehicles are kept longer than the 7.3-year average, including the long-lasting Honda Accord and Toyota Camry known for their reliability, as well as several domestic pickup trucks.

The likes of the Accord and Camry may not appear on the overall list as sedans have been losing market share to SUVs and crossovers, comments Ly, with trade-ins potentially lowering the average length of ownership of these vehicles.

The full results of the study are available at iSeeCars.com.

 

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