Top Reasons People Buy New Cars

May 10, 2008 // No Comment // Categories: Car Buying.

According to a recent study in Road and Travel Magazine, here are the top reasons people buy a new car, truck, min-van or SUV. 

Reason What motivated you to consider buying a new car? %
14 Lease on old car is up 4.8%
13 Wanted a vehicle with new "techy toys" (Nav, DVD, etc.) 6.2%
12 Needed a vehicle with more room 9.0%
11 My significant other wanted a new car 11.9%
10 Needed another car for my family 14.0%
9 Financing deals/incentives too good to pass up 14.3%
8 Wanted a vehicle with better safety features 14.6%
7 Like the styling of the new models 15.0%
6 Not really sure, other 17.0%
5 Old car just died 17.6%
4 Wanted a car with better gas mileage 19.2%
3 Old car was always in for repairs 20.4%
2 Tired of the old car, I wanted something new 22.0%
And the top reason why is...
1 Old car had high mileage 35.2%

Note: The sum of % totals may be greater than 100% because respondents could select more than one answer.

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