Around half of all car owners in the U.S. are over the age of 60 years old. High upfront and running costs can be expensive, and many Americans must either save up or wait until they have the income to afford vehicle ownership.

British people aged 60 years and older were the age group with the highest share of car ownership, according to a 2017 Statista survey. The most likely to buy a car were 18-29 year-olds, with 22 percent of respondents reporting they did not own a car yet, but were planning on purchasing one. The survey was conducted as part of Statista’s Global Consumer Survey on consumption and media usage in 49 different countries.

Men more likely to be car owners

The survey also found that a larger share of men were motor vehicle owners compared to women. One fourth of female respondents stated that they did not have a car and were also not about to buy one. In contrast, 16 percent of men reported they did not own such a vehicle.

Ownership highest in Northern Ireland

Motor vehicle ownership was highest among residents of Northern Ireland, with eight out of ten people having a car and a further 12 percent interested in purchasing one. These findings were unsurprising given the discussion surrounding increased ticket prices for public transport in Northern Ireland.

This statistic shows the result of a survey about the opinions on having their own cars in South Korea as of March 2020, broken down by age group. As of this date, around 78 percent of respondents in their 20s stated that it is better to have their own cars. The majority of each age group had same opinions.

This is a graphical representation of the share of households with at least one car in France, according to the age group, between 1995 and 2018. During that period, the motorization rate for households whose reference person is less than 25 years old has increased by about ten points.

According to a survey conducted in 2023 about the usage of light motor vehicles among private households and businesses in Japan, most main drivers of mini cars were people in their 60s and 70 with 21 percent, followed by people in their fifties. Japanese mini cars or kei cars must not exceed 3.4 meters in length, 2 meters in height, and 1.48 meters in width. The engine capacity is restricted to 0.66 liters.

According to a survey conducted by Rakuten Insight, around 78.7 percent of South Korean respondents aged 55 or older stated to own a car as of January 2024. More than half of the respondents aged between 25 and 34 years stated that they did not own a car.

In 2021, Baby Boomers were the main new car buyers in the United States, representing around 36 percent of new car sales. By contrast, Gen X made up the majority of the used car buyers, at close to 40 percent of the sales.

According to a survey conducted in July 2024, drivers aged between 30 and 39 years in Japan traveled with their private passenger cars on average around 7.34 thousand kilometers per year, more than any other age group in the survey. The overall average of surveyed respondents was about 6.97 thousand kilometers.

In 2023, the total number of registered passenger cars reached nearly 15.22 million, marking an increase from 14.27 million in 2022. The number of cars in each age group registered an increase in 2023, the highest number being recorded in the cars aged 21 or older.

According to a survey conducted in 2022 among Vietnamese consumers, around 73 percent of respondents in the age group of 40 years and older revealed they currently owned a car. In the same survey, about 36 percent of respondents between 25 and 39 years old expressed that they planned to purchase a car within the next year.

There is a sharp increase in vehicle ownership once income surpasses 50,000 U.S. dollars. The high running costs of owning a car makes it very difficult for low income earners to have their own vehicle. The annual salary of those in the lowest income group shown would not cover the cost of the average second hand car.

In the United Kingdom, around 60 percent of respondents under 30 years old reported intending to purchase a hybrid or electric vehicle. While around seven percent of under-30s considered substituting their vehicle with public transport or a bike, passenger cars remained the most popular mobility option for all participants.

According to a survey conducted by Rakuten Insight in January 2024, over 80 percent of car owners in each age group had conventional cars in South Korea. In second place were hybrid cars, while electric cars were owned the least.

When asked about "Car ownership", 3 percent of U.S. respondents answer "Yes, a company car". This online survey was conducted in 2024, among 10,138 consumers. Looking to gain valuable insights about car owners across the globe? Check out our

As of December 2020, about 23.5 percent of the people in China that were planning to purchase a car were 24 years and younger. Meanwhile, about 8.2 percent of the people that planned to buy an automobile aged 46 years and older.

In the second quarter of 2024, there were around 291.1 million vehicles operating on roads throughout the United States. Almost 38.9 million used vehicles changed owners in the U.S. between the second quarter of 2023 and the second quarter of 2024, while new registrations of vehicles came to about 15.5 million units during that period. Automotive market disparities The number of licensed drivers had been steadily increasing up to just under 235,100 in 2022, but the automotive market has been impacted by economic developments over the past few years. The U.S. vehicle fleet is aging, reflected by the slow increase of the average vehicle age from 11.7 years in 2018 to over 12 years in 2023. This is in part due to market disparities. The average selling price of new vehicles has been increasing to over 47,000 U.S. dollars in 2023, up from under 35,000 in 2016. Used car prices have also been rising amidst the chip shortages linked to the COVID-19 pandemic, reaching around 29,300 U.S. dollars in 2023. The majority of U.S. car owners earned more than 40,000 U.S. dollars per years, with the 50,000 to 75,000 income group owning over 33 percent of the vehicles in use. The boom of the used vehicle market Close to three-quarter of new car buyers were born between 1946 and 1981, with Gen X being the leading consumers by age group for both the new and used vehicle market. Used light vehicle sales have been steadily increasing since 2010, representing well over double the size of the new light vehicle market in 2023. With a product range priced below new vehicle prices, used vehicles are gaining momentum in the United States. The average American household spends some 5,500 U.S. dollars on vehicle purchases annually, with consumers in income groups earning above 100,000 U.S. dollars per year spending above 7,200 dollars annually on car buying. Used vehicle financing options are naturally more affordable than new vehicle financing options, with an average monthly payment over 726 dollars for loan payments for new vehicles.

In the United States, men are much more likely to own cars than women, despite more women holding a valid driver's license in 2019. The difference in ownership, however, is slowly decreasing. As of 2020, women accounted for about 35.4 percent of car owners.

As of Juanuary 2024, round 51 percent of the respondents of a survey conducted by Rakuten Insight across India said that they owned a car, as opposed to approximately 49 percent of respondents who don't own one. Vehicle ownership stood at 246 vehicles for every thousand Indians at the end of financial year 2020.

This statistic shows the user age group of car-sharing apps in China from 2018 to 2020. In 2020, users aged between 26-35 accounted for approximately 63 percent of all car-sharing app users in China. Shanghai and Chongqing had the highest share of car-sharing app users.

When asked about "Car ownership", 7 percent of German respondents answer "Yes, a company car". This online survey was conducted in 2024, among 5,991 consumers. Looking to gain valuable insights about car owners across the globe? Check out our