New Cars Most Owners Give Up Within the First Year
By Julie Blackley
In a new study, automotive research firm and car search engine iSeeCars.com found that while only 3.4% of new cars are resold as used within the first year of ownership, German and British luxury vehicles are given up much more frequently.
iSeeCars.com analyzed more than 46 million individual new car sales and determined how many of those new cars were resold as used within the first year with at least 1000 miles on the odometer. The results show that the top 10 models are given up more than 2.5 times the average vehicle.
Eight of the top 10 models are from luxury brands, with an even split from German and British automakers. Nissan, which has two models in the top 10, stands out as the only non-luxury automaker making the list.
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