The Cost and Demographics of Vehicle Acquisition

quired the fewest vehicles, with only 2.6 percent of acquisitions, much less than their 9.6-percent share of the popu-lation. The average age was 44 for con-sumers leasing vehicles, 47 for consum-ers buying new vehicles, and 42 for consumers buying used vehicles. As these data imply, the probability of choosing a used car over a new car de- ................
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