Average period of vehicle possession began to grow
So, the average period of a vehicle possession grew by 2 months compared to 2014. At the same time period of a new premium-class vehicle possession is 37 months (3 years), and one of a mass segment vehicle is almost twice more - 57 months (4.8 years). So, the average period of Mercedes, BMW, and Audi possession is 2.5-3.1 years. At the same time owners of LADA operate their cars on average 5.9 years.
Similar figures for used vehicles are 29 months (2.4 years) and 35 months (2.9 years). The general trend of increase in the possession period is registered in both premium and mass segments.
"Average period of a vehicle possession is an inertial index. It will increase over the time. The increase by two months is only the beginning - Sergey Tselikov, director of AUTOSTAT analytic agency, says. – Due to the crisis vehicles will be kept 1-2 years longer than usual. The trend has already emerged, but we will be able to see the numbers only when vehicles with extended period of possession come to the market and are resold to the new owners. "
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