I knew you could turn this into a political Teachable Moment! On Wed, Jul 29, 2015 at 2:53 PM, Curly McLain via Mercedes < mercedes@okiebenz.com> wrote:
> Average car age hits record high of 11.5 yearsPublished: Wednesday, July >> 29, 2015 >> >> The average age of U.S. vehicles on the road has reached a record 11.5 >> years, due to both the reliability of modern autos and the lingering >> effects of the recession. >> >> The average age of vehicles has been climbing steadily since the >> consulting >> firm IHS Automotive began tracking the number in 2002. The average length >> of ownership for a new vehicle is now almost 6.5 years, and five years for >> a used vehicle. >> >> Cars and trucks also now have the same average age, reflecting the >> increased quality of the former. A reliable car can now go 200,000 miles >> or >> more, which would last many consumers a decade, said Doug Love, a >> spokesman >> for *Consumer Reports*. >> >> The average age appears to be plateauing, though, as buyers have returned >> to the car market in bigger numbers. Sales of new cars rose from 12.7 >> million in 2011 to 16.5 million last year, and they are expected to exceed >> 17 million this year. IHS predicts the average vehicle age will hit 11.6 >> years in 2016 but won't climb to 11.7 years until 2018. >> >> This is a more normal rate of age increase, according to IHS. Vehicle age >> increased rapidly between 2008 and 2013 as more people held on to their >> cars during the recession. In 2008, the average age of cars was 10 years; >> by 2013, it had reached 11.4 years (AP/New Orleans*Times-Picayune* >> < >> http://www.nola.com/business/index.ssf/2015/07/average_age_vehicle_us_road.html >> >, >> July 29). *-- BTP* >> ________________________ >> > > Just one more measured effect of the gooberment theft of billions of > dollars at gunpoint from citizens by the lernis Loiner crew! > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
