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Consumers hold on to cars for just 20 months

The average consumer is now holding onto their new car for just 20 months.

That is the conclusion of online car sales platform Tootle which compared data from 2016 and 2018.

It found that the average consumer selling their vehicle in 2016 had typically kept hold of it for a full three-year period but this had fallen to 20 months by 2018.

 

Cambria Automobiles (LON:CAMB) was established in 2006 and has built a balanced portfolio of high luxury, premium and volume car dealerships, representing major brands across the UK. The Group’s businesses are autonomous and trade under local brand names, including County Motor Works, Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph.

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