Car owners holding onto vehicles longer

Photo of cars. (WISH photo)

INDIANAPOLIS (WISH) – Car owners are holding onto their vehicles longer.

The IHS Markit study showed that vehicles are being made with better quality standards, leading to consumers to own them longer.

According to the study, the average length of ownership was nearly seven years.

Also, Apple unveiled more ads on Monday trying to get people to switch from Android phone to iPhones.

For more on these and other stories making headlines in the business world, click on the video.

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