What country buys the most cars?
China is the largest car market in the world, accounting for over 23. China’s AI-powered self-driving car market is ahead of the U. S. Rest of World.
What age buys the most cars?
Buying a new vehicle is a major household expenditure. It is reported that Baby Boomers purchase 62% of new cars in the US. This consumer savvy extends to their approach to major purchases, with 76% of Gen Z purchasing their first vehicle before turning 21, significantly outpacing Millennials at 56%.
How many cars does the average person buy in their life?
According to IHS Markit the average age of cars on the road at the moment is 11. According to CNBC, people buy on average 9. The average lifespan of a car nowadays is almost 12 years, or 200,000 miles, provide it’s been maintained regularly. That’s probably the breaking point at which you should consider changing it.What matters more, age or mileage? This depends on your budget, preference, and intended use, but if a car has high mileage, the wear-and-tear could cause bigger problems than a well-maintained, low-mileage car. Not all cases are the same, but mileage is a bigger factor to consider than age.The best rule of thumb to keep in mind with a used car’s mileage is to add 15 000km to every year of the car. For example, if a car is one year old, a mileage of between 10 000 and 15 000km is considered good. Most people tend to draw the line at 100 000km on the clock, when in fact, that’s not a bad mileage at all.Consumer reports note that while the typical lifespan of a new vehicle is approximately 8 years or 150,000 miles, well-maintained vehicles can surpass 15 years and overcome 300,000 miles.
Is there any car worth $1 billion?
We’ve all heard of cars that sell for millions of dollars, and every year prices just seem to climb higher. Does a car exist that is worth a billion dollars? Not quite yet, because apparently even the world’s billionaires have budgets. But there is now a car worth a cool $142. China is the largest car market in the world, accounting for over 23.Global vehicles sales (cars + light vehicles) up to August 2025 have reached 57,38 million units, reporting a 3. Looking at YTD data up to August 2025 country-wise, China remained the largest global market, gaining 6%. This huge market accounted for 29.These numbers translate to over 12,000 cars sold daily. It also marked a substantial 10 percent growth as compared to the 3,35,976 units sold in the corresponding month last year.