I shoot up and replace the ammo in my BUG revolver cylinder and the ammo in my two carry mags (one in gun and one on belt) yearly and replace with new ammo.
I also have some loose ammo I keep in a carry kit as well as a 3rd loaded magazine. This kit is somewhere between an EDC bag and a GHB - it's really too big and cumbersome for a true EDC, and therefore I don't religiously carry it every day, and it's too small and under equipped for a GHB - not enough water, calories, extra clothes or shelter. I carry this kit when I am traveling out of town for the day on business, perhaps spending one or two nights out of town. It's designed to help me cope with a myriad of contingencies, from minor irritants to major emergencies.
When carrying the kit, it does not stay in the car overnight (if goes where I go), but it can be exposed to heat or cold while I am parked at a customer site and inside with customers.
Does this ammo need to be replaced annually, just as I do with the ammo I am wearing? I know it wouldn't hurt to replace it. I'm wondering if it needs to be replaced.