Go Back  AcuraZine - Acura Enthusiast Community > Automotive Discussion > Car Talk
Reload this Page >

Have an old car? You're not alone. Vehicle age hits record

Notices

Have an old car? You're not alone. Vehicle age hits record

 
Old 06-28-2019, 08:41 AM
  #1  
Alright, alright, alright
Thread Starter
 
Legend2TL's Avatar
 
Join Date: Nov 2004
Location: Maryland
Posts: 12,248
Received 1,721 Likes on 1,126 Posts
Have an old car? You're not alone. Vehicle age hits record

https://www.yahoo.com/finance/news/o...110059001.html .

DETROIT (AP) The average age of cars and trucks in the U.S. has hit a record 11.8 years, as better quality and technology allows people to keep them on the road longer.

The 2019 figures from data provider IHS Markit show that the rate of increase is slowing, but the average age is still expected to go over 12 years early in the next decade. The average age is up 0.1 years from 2018.

People are feeling comfortable keeping vehicles longer because they're built better than in the past, said IHS Markit Director of Global Automotive Aftermarket Mark Seng.

"The quality is higher, lasting longer, withstanding the weather," Seng said.

Plus, original owners are keeping their vehicles longer and maintaining them better because they're financing them for longer, six or even seven years in many cases, he said.

"That helps improve the overall life of the vehicle," he said.

Western states have the oldest vehicles at 12.4 years, while in the Northeast the average age is only 10.9 years. That's due largely to less stop-and-start traffic that wears on a vehicle. Weather conditions also play a part.

Montana has the oldest average age at 16.6 years, while the youngest is Vermont, with an average age of 9.9 years.

The aging vehicles should be a boon to repair shops, which may want to change strategies to cater to owners of older vehicles who may want to spend less on parts, Seng said.

The number of light vehicles in use in the U.S. also hit a record of more than 278 million this year, according to IHS, which tracks vehicle registrations nationally.
.

Makes sense, our 2003 Pilot has 305k miles and drives great.
Growing up, many cars my parents cars were not holding up well at 100k miles.
Legend2TL is offline  
 
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Sly Raskal
Automotive News
5
10-09-2007 04:10 PM
gavriil
Automotive News
8
01-19-2006 07:35 PM
gavriil
Automotive News
10
10-02-2005 12:58 PM
slo007
Ramblings
7
11-06-2004 09:26 PM


Thread Tools
Search this Thread
Quick Reply: Have an old car? You're not alone. Vehicle age hits record


Contact Us - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.