Skip to comments.Can you guess why Americans keep older cars longer?
Posted on 08/07/2013 3:50:29 AM PDT by 2ndDivisionVet
Americans are keeping their cars and trucks longer than ever, and even with new car sales increasing, the average age will continue to rise, an industry research firm says.
The average age of the 247 million cars and trucks on U.S. roads hit a record of 11.4 years in January, the latest figures available from state registration data gathered by the Polk research firm.
That's up from 11.2 years in 2012, and nearly two full years older than in 2007, before the start of the Great Recession, Polk said Tuesday....
(Excerpt) Read more at dailynews.com ...
I’m guessing record income and spending power.
Because they can’t afford the grotesquely overpriced newer models and its just cheaper to have older cars and trucks repaired?
Because the increase in value? /sarc
Because of Marvel Mystery Oil.
DEPRESSION... AND ONE DAY THE TRUTH WILL BE TOLD.
Gee, our old LaSalle ran great
Those were the days.
My 2001 Corolla is a nearly ideal commuter car.
Well, its also that the more late model cars seem to last longer. Back in the eighties, my Chevy Cavalier’s body literally fell apart after 8 years. However, I’m still driving my current car after 10 years with ‘nary a problem. I guess I’m an optimist because I just bought a new set of 70K mile tires for it.
11 years old? Crikey, none of mine are that new.
one is 20, one is 35 and one is 72.
I have a used truck. Great truck, paid $29,000 for it. A new one is $40K.
My wife has an older Buick. No so good. But a new vehicle of that type is $35K.
So we keep driving hoping that they both keep going. Don’t have the money for a new car, and few people do.
MMO rocks. Visit BITOG for threads........
We have 2 vehicles with over 190,000 miles and they run great. Why waste money?
It is just a fact that we get more car per dollar today then we ever did before, even including inflation. New technology built on old technology gives us more efficient engines and systems, including longer lasting systems. Detroit made many cars in the past but also cars that did not last as long. The foreign cars capitalized on the this weakness of market. Otherwise its the Obama depression.
The touch display on a Prius is seven grand from what I heard...
No thanks, I’ll stick with my faster European classics...
Mandated safety equipment is adding thousands to the cost of new cars every year and leading to a nation of people who can’t drive without it.
Mine’s 19! Almost out of it’s teenage years, I can’t wait.
We like the one we got,
We've learned there is pleasure in keeping a good thing going
We KNOW the damned thing and can repair it relatively quickly and/or inexpensively
The mileage is acceptable
The ride is relatively comfortable
Less bells and whistles to go wrong.
The insurance is cheaper.
I have a 94 Nissan Sentra that still gets 26 mpg, put new rear struts in it, total cost partwise about 175.
Have an 84 Chev Blazer, pretty much redid the whole front end last spring, new brakes, half axles, ball joints, brake lines, shocks, probably about 2K of work, except I did it myself. Parts cost maybe 550.
If you don’t know anything about cars, trade it in and buy a new one when the “check engine” light comes on.
If you know about them or want to learn, the best deal is to drive that sucker till the wheels fall off!
April 2011 in Havana.Pretty soon America (outside of Washington DC) will look like Havana. Those inside the Beltway will be driving their Beemers, Lexī, Priī and Mercs for decades more before the exhausted peasants can no longer support them.