Outright car purchase is becoming less popular among consumers in the United States, according to a July 2023 survey. Over half of respondents mentioned their current vehicle had been an outright purchase, but just over 40 percent considered it likely that they would obtain their next car through the same ownership method. In contrast, car subscriptions and car leasing represented a slightly higher share of future ownership compared to current ownership.
Distribution of U.S. consumers' current and future car ownership preferences as of July 2023, by ownership type
Figures might not add up to 100 percent due to rounding.
Original survey questions: "How do you currently own your primary household vehicle?" and "When you get your next car, which ownership form will you most likely target?"
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McKinsey & Company. (December 6, 2023). Distribution of U.S. consumers' current and future car ownership preferences as of July 2023, by ownership type [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1440837/us-consumers-current-and-future-car-ownership-preferences-by-type/
McKinsey & Company. "Distribution of U.S. consumers' current and future car ownership preferences as of July 2023, by ownership type." Chart. December 6, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1440837/us-consumers-current-and-future-car-ownership-preferences-by-type/
McKinsey & Company. (2023). Distribution of U.S. consumers' current and future car ownership preferences as of July 2023, by ownership type. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1440837/us-consumers-current-and-future-car-ownership-preferences-by-type/
McKinsey & Company. "Distribution of U.S. Consumers' Current and Future Car Ownership Preferences as of July 2023, by Ownership Type." Statista, Statista Inc., 6 Dec 2023, https://www.statista.com/statistics/1440837/us-consumers-current-and-future-car-ownership-preferences-by-type/
McKinsey & Company, Distribution of U.S. consumers' current and future car ownership preferences as of July 2023, by ownership type Statista, https://www.statista.com/statistics/1440837/us-consumers-current-and-future-car-ownership-preferences-by-type/ (last visited November 21, 2024)
Distribution of U.S. consumers' current and future car ownership preferences as of July 2023, by ownership type [Graph], McKinsey & Company, December 6, 2023. [Online]. Available: https://www.statista.com/statistics/1440837/us-consumers-current-and-future-car-ownership-preferences-by-type/
