| Percent of car purchases by age | |
|---|---|
| Under 25 | 1 |
| 25-34 | 7.6 |
| 35-44 | 24.1 |
| 45-54 | 31.2 |
| 55-64 | 25.3 |
| 65-74 | 9.4 |
| 75-plus | 1.2 |
Sources:
online.wsj.com
Share:
| Percent of car purchases by age | |
|---|---|
| Under 25 | 1 |
| 25-34 | 7.6 |
| 35-44 | 24.1 |
| 45-54 | 31.2 |
| 55-64 | 25.3 |
| 65-74 | 9.4 |
| 75-plus | 1.2 |
The majority of new car purchases are coming from drivers ages 45-64. No longer paying a child's college tuition, a change in the needs of the owner, or increased economic security are all reasons for this age group to buy or try something new.