In 63.9 months we’ll know which teams are playing in Super Bowl LX. That’s the same amount of time today’s car owners are holding on to their cars. That number is up 4.5 months since the same time last year.
Polk, the company behind this figure, doesn’t give a reason for the increase, but a fragile economy combined with better, longer-lasting vehicles is certainly factors. The increasing frequency of 60- and 72-month car loans would contribute as well.
Polk suggests this upward trend won’t slow in the near future. What do you think? Have you held onto you current car longer than others you’ve owned in the past? Tell us in the comment section below.