Phones Canada is excited to share the latest insights from Turo\u2019s 2024 Car Ownership Index, shedding light on Canadian habits related to car ownership and usage. In collaboration with Leger, Turo\u2019s annual report uncovers intriguing statistics, particularly focusing on millennials as the core demographic.<\/p>\n
Key findings from the report include:<\/p>\n
\u2013 A shift in car ownership trends among young millennials, with 56% indicating they are less likely to buy or lease a vehicle this year due to inflation rates.
\n\u2013 Despite this, 40% of Canadians express interest in owning or leasing a vehicle in the future, with 55% of those aged 25-34 sharing the same sentiment.
\n\u2013 The estimated annual cost of car ownership for Canadians is $5,025, slightly higher for young millennials at $6,176.
\n\u2013 Ontario leads in car ownership costs at $5,384 annually, while Atlantic Canada residents allocate 16% of their income towards car-related expenses.
\n\u2013 In terms of electric vehicles (EVs), 53% of surveyed Canadians plan to purchase a hybrid or EV next time they buy a car. However, 81% have never driven an EV before, citing purchasing costs as a barrier for adoption.
\n\u2013 Interestingly, 40% of Canadians interested in EVs aim to save on gas expenses by making the switch.<\/p>\n
Moreover, Turo\u2019s report highlights that despite owning or leasing a vehicle, 85% of Canadians find their cars idle for 95% of the year. Additionally, as travel plans resume in 2024, 56% of Canadians intend to take vacations, with 40% opting for driving as their mode of transportation.<\/p>\n
These insights offer valuable perspectives on evolving consumer preferences and behaviors related to car ownership and usage in Canada. Stay tuned for more updates on telecommunications trends and news from Phones Canada!<\/p>","protected":false},"excerpt":{"rendered":"
Phones Canada is excited to share the latest insights from Turo’s 2024 Car Ownership Index, shedding light on Canadian habits related to car ownership and usage. In collaboration with Leger, Turo’s annual report uncovers intriguing statistics, particularly focusing on millennials as the core demographic. Key findings from the report include: – A shift in car […]<\/p>\n","protected":false},"author":9,"featured_media":224697781,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":255,"footnotes":""},"categories":[255],"tags":[],"class_list":["post-224697780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apple-tips-news"],"_links":{"self":[{"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/posts\/224697780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/comments?post=224697780"}],"version-history":[{"count":0,"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/posts\/224697780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/media\/224697781"}],"wp:attachment":[{"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/media?parent=224697780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/categories?post=224697780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/tags?post=224697780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}