Average replacement mileage dips below 50,000 for first time

One year ago, cars were being replaced, on average, every 36 months and at 52,377 miles.

Figures from FN50 2020, show the replacement cycle has stayed the same at 36 months. 

The average mileage, however, has fallen below the 50,000 mark for the first time and now stands at 49,944 miles, 2,433 fewer. 

The shortest individual average replacement cycle reported by a leasing company in terms of mileage was 10,000 miles, while the longest was 100,000 miles.

Time-wise, the longest average replacement cycle was 45 months; the shortest 12.

FN50 2020 has come too early to see any changes in replacement cycles as a result of the impact of Covid-19.