Car Ownership Thriving, says DTS Report

Just when you thought car ownership was on its way out and most of the current generation were perfectly content in using Uber when they needed a ride, along comes DTS, Inc., a subsidiary of Xperi Inc. with “Vehicle Ownership and its Role as a Third Space: Alive, Well and Enduring.” The study confirms the importance of owning a personal vehicle. It highlights the evolving role of vehicles as a third space, separate from home and work, for relaxation and personal time.

Based on a survey of 3,217 U.S. vehicle owners, the report reveals that 92% consider their personal vehicle essential. Luxury car owners and Gen Z respondents were most likely to view their vehicles as third spaces. Notably, 61% of participants imagine their cars as extensions of their living rooms or offices.

Key findings include a growing demand for comfort and personalization. Improved physical comfort, personalized settings, voice controls, expanded entertainment options, and auto-pay functionalities were highlighted as desirable changes.

People use vehicles for entertainment more than before. Audio remains a primary focus, with 88% of respondents regularly listening to music or radio. Video consumption has increased significantly, from 31% in 2022 to 47% in 2024, mainly for short-form content when parked or on long road trips.

Stress relief is another significant factor. Over 40% of respondents spend at least 30 minutes in their vehicle for personal time, while 30% park in quiet areas to relax. Additionally, 29% have taken drives without a destination to clear their heads.

These findings indicate that car manufacturers need to improve comfort, personalization, and entertainment choices to keep vehicles attractive, especially to younger individuals.