3 replies to this topic

[JackA]

Jan 17, 10:31 AM (ET)

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DETROIT (AP) - Americans are holding onto cars and trucks longer, pushing the average age of a vehicle to a record 10.8 years.

The Polk research firm said Tuesday that the average age of a car last July was 11.1 years, while the truck average was 10.4.

Unemployment and the sour economy have caused people to put off buying cars and trucks.

Polk says the average vehicle age has been rising since 2008. But the firm says a sales rebound last year is likely to slow the aging rate.

Car companies sold 12.8 million vehicles in the U.S. last year, up from 11.6 million in 2010.

In 2010 the average vehicle on U.S. roads was 10.6 years old, up from 10 years in 2008. Polk gets its numbers from national auto registration data.

My link

You can do a Google and find articles with much more data related to this subject, then I thought the above was enough.

[TennesseeT]

We kept our last 2 trucks 11 1/2 and 11years , last 2 cars 10 1/4 and 12 1/2 years. Plan on keping the new ones longer than that!

[Jack of 32]

I can't see spending $30,000 or more for a new car and have bought low mileage one owner used cars in our last two cars.

The car before our current car was a 1996 Mercury Cougar X-R7 the we bought from the original owner in 2004 with 29,000 miles on it and I paid $5,200 for it. I sold it last year for $4,500 and bought a 2003 Buick LeSabre Custom from a very close friend of mine who bought it new for over $30,000 and it only had 35,300 miles on it for $6,700. At 80 years old come August this year, I doubt I will own another car. I only put on less than 5,000 miles a year, so no big deal....

[Hondo]

My truck is 11 this May and it only has 65000 miles on it. Bought it new and I'm the only one that has driven it. Being retired I didn't put the miles on it.