On average, people in developed nations buy a new car every 8 to 10 years, while in emerging economies it may be as low as 3 to 5 years. However, the frequency of new car purchases can vary significantly based on factors such as lifestyle, income, driving habits, and personal preferences.
Overall, the replacement cycle for automobiles has been increasing in recent years, as vehicles are built with better quality and reliability. In the United States, the average age of a car on the road is about 12 years.
