Buyers Hold Onto The Chevrolet Corvette And Ford Expedition The Longest

The average price of a new car loan recently hit a record of $31,455 so it comes as little surprise that some buyers are deciding to hold onto their existing vehicle a little bit longer.

According to a study conducted by iSeeCars, the average new car buyer holds onto their vehicle for a little less than seven and a half years. However, there are a handful of models that consumers hang onto for significantly longer.

Leading the pack is the Ford Expedition which is typically kept for nine years. iSeeCars CEO Phong Ly suggested large crossovers and SUVs, such as the Expedition, tend to be family haulers that people hold onto until they’re no longer needed. This is sounds reasonable enough as families might purchase a large SUV when their children are teenagers and then sell them once they move out about a decade later.

The second car on the list was the Chevrolet Corvette. Owners also tend to keep the model for nine years, but for very different reasons. Since the Corvette is a sports car, it’s typically a ‘second’ vehicle that isn’t driven often and isn’t a priority to replace.

The next three models all come from Toyota and they are the Sequoia (8.9 years), 4Runner (8.8 years) and Avalon (8.6 years). They were closely followed by the Ford Explorer (8.4 years), Chevrolet Suburban (8.4 years), Honda Accord (8.3 years), Ford Taurus (8.3 years) and Honda Odyssey (8.3 years). While the Odyssey was the only minivan to make the list, owners likely hold onto them for the same reasons that people stick with crossovers and SUVs.

While no trucks broke into the top ten list, most owners hold onto their pickups for between seven and eight years. Ford F-150 owners typically ditch their truck after 7.2 years, but that isn’t much shorter than the Toyota Tacoma which owners usually keep for 7.8 years.

more photos...
  • Six_Tymes

    built to last

  • Сафиуллина-Мохамед Рамазанов

    So Toyota have
    Tundra
    Tacoma
    Avalon
    Camry
    Corolla
    Highlander
    Rav4
    4Runner
    In the list and everyone keep bashing them on design matters

    • brn

      Much like the Taurus?

    • Belthronding

      toyota has its own design approach and personally i am OK with that.
      i think ford and toyota both are nicely designing brands in mid clas segment.

  • Brent Morrison

    Doesn’t count when you don’t daily drive it.

  • LJ

    Going on 12 years with my 2006 Mazda 6.

  • schnittz

    Reason why people keep their expeditions is because they no longer run, and nobody wants them!

Digital Keys Are Getting Smarter, Will Provide Access Even If Your Smartphone Is Dead

In the future, owners won’t even need to pull out their smartphone to unlock their car.

2020 Jeep Wrangler EcoDiesel Arrives Stateside, Though Only In Unlimited Guise

According to Jeep, the 2020 EcoDiesel is the torquiest, most fuel-efficient Wrangler to date.

2020 Cadillac CT5 Fails To Stand Out, But That Doesn’t Make It A Bad Choice

Cadillac’s new CT5 offers a balanced package among compact premium sedans, but it’s not a contender for the first spot.

2020 Genesis GV80: First Look At Profile And Digital Instrument Panel

The GV80 will have an upscale interior with premium leather, wood trim and metallic accents.

New 2020 Skoda Octavia Vs. Predecessor: What’s Different?

The Skoda Octavia is now more modern, practical, comfortable and fuel efficient than ever.

2020 Volvo S90 Facelift – If It Ain’t Broke, Don’t Fix It

The mid-life update of the Volvo S90 flagship will include a lot of new tech.

We’re Driving A Suzuki Jimny, What Do You Want To Know?

The Suzuki Jimny is loved around the world, is it as good as everyone says?.

The Pedestrian Steering Horn Is A Wonderful Idea For A Dystopian Future

Why talk to people when you can simply honk? Enter the ‘Pedestrian Horn’.

2025 Ford Mustang Electric Study Envisions Muscle Car Of The Near Future

Hypothetical renderings give us an idea of what an all-electric Ford Mustang could look like.

Alex Albon Retains His Seat In Red Bull Racing For 2020

The Thai-British Formula 1 driver will continue to race alongside Max Verstappen at Red Bull next year.