Consumers are beginning to treat cars like smart phones - we want the latest and greatest, and we want it NOW!  The latest statistics show more Americans are opting for shorter leases and bank notes so they can move up to the newest gear.  From music to movies to radio, drivers today are demanding more smartphone apps be installed in their cars.

Alexandra Mondalek of Bloomberg News says the average length auto lease is now down to 36 months, which is close to the typical trade in rate for the average smartphone user.
"Dealers are being forced to set up tech specific help centers for customers who want to learn more about what all their new car can do."

Mondalek points out it's not just about the entertainment options available, it's also about the advances in technology.

"A lot of it is safety features like lane keep assist rear parking cameras, which I expect to be in all new car models within the next five years."

To read more on the report, CLICK HERE.

(Source: ABC Radio News)

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