Car Owners Holding onto Vehicles at Least 50,000 More Miles, Survey Finds - BodyShop Business

Car Owners Holding onto Vehicles at Least 50,000 More Miles, Survey Finds

Consumers opting to hold and repair, rather than purchase new, with 56 percent planning to drive until vehicle dies.

AutoMD, a free online auto repair resource, released the results of a survey revealing that car owners are putting many more miles on their current vehicles than on their previous vehicle – 50,000 or more – with the majority of respondents planning to keep their vehicles until they no longer run.

The report also revealed that the economy is influencing many to do their own repairs and pay more attention to maintenance on their current vehicle.

The survey, conducted online among car owners in December 2009 and January 2010, found that consumers are breaking out of the buy-every-few-years cycle, opting to drive and repair instead.

The survey also found:

• Nearly 50 percent of survey respondents indicated that their current vehicle had over 100,000 miles. A combined 69 percent reported that they planned to drive their current vehicle for 150,000 or more miles (13 percent), or until their vehicle dies (56 percent).

• Nearly four in five (77 percent) plan to drive their current vehicle for 50,000 or more miles than they drove their previous vehicle. Less than 12 percent said they will keep their current vehicle for fewer miles than their previous vehicle.

• Fifty-four percent of respondents reported spending $500 or more on yearly repairs to their vehicles, with 21 percent reporting that they spend $1,000 or more.

• Forty-four percent report that tight budgets are driving them to either pay more attention to maintenance and repairs or do the repairs themselves.

When asked for the No. 1 reason for holding onto their vehicles for 100,000 miles or more, one-quarter stated that “in this economy, I simply can’t afford not to” and nearly 30 percent indicated that being vigilant with repairs and service should keep it in good running condition.

“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 AutoMD 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.”


More information:

AutoMD

You May Also Like

Body Bangin’: The Employer-Student Disconnect

Micki Woods interviews Raven Hartkopf, lead collision instructor at Collin College in Texas, on what students want from a shop employer.

Micki Woods, master marketer for collision repair shops and owner of Micki Woods Marketing, has released the latest episode of "Body Bangin'," the video podcast that is taking the industry by storm!

In this episode, Woods interviews Raven Hartkopf, lead collision instructor at Collin College in Texas, on students' desire for shops to work around their school schedule and let them work part-time ... yet most shops don't offer a part-time position. If a shop does do this and is flexible with the student, once they're done with school, they typically stay with that shop and go full-time. Are shops missing an opportunity here?

Body Bangin’: Why Follow OEM Repair Procedures?

Micki Woods interviews Logan Payne of Payne & Sons Paint & Body Shop on the importance of following OEM repair procedures.

Body Bangin’: Getting Paid for Calibrations

Micki Woods interviews Andy Hipwell and James Rodis of OEM Calibration on how to get started doing ADAS calibrations.

Body Bangin’: What Are The Consolidators Up To With Laura Gay

Micki Woods interviews Laura Gay of Consolidation Coach on the current state of auto body shop consolidation.

Body Bangin’: The Magic of a Massive MSO with Patrick Crozat

Micki Woods interviews Patrick Crozat, the COO of G&C Auto Body, which is the largest privately-owned, family-owned auto body shop group.

Other Posts

Body Bangin’: Changing Your Mindset with Mike Jones

Micki Woods interviews Mike Jones of Discover Leadership Training on changing your mindset to change your life.

Body Bangin’: Rivian Collision Program and Insurance

Micki Woods interviews Frank Phillips, collision repair program manager of Rivian, on how Rivian’s collision program works.

Body Bangin’: Favorite Takeaways from the Southeast Conference

Live from the Southeast Collision Conference, Micki Woods does a post-show wrap-up on the Southeast Collision Conference with the SCC committee.

Body Bangin’: Overcoming Objections

Live from the Southeast Collision Conference, Micki Woods interviews Ron Reichen and Barry Dorn on overcoming objections, the talent shortage and the SCRS blend study.