Good News: Cars on Road Keep Rising in Age

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cars on highway

Yes, the new cars have better car electronics but more drivers are holding onto their clunkers longer and the trend shows no sign of slowing down.

In 5 years, the average car on the road will hit 11.7 years.  This year it remained flat at 11.4 years and it is expected to stay flat for a couple of years before rising again.

Also, the number of cars on the road is growing at a record rate.  This year the figure hit a high of 252,700,000 cars on U.S. streets, according to IHS.  Since this time last year, 3.7 million vehicles have been added to our roads, a growth of 1.5 percent.  The U.S. hasn’t seen that high a growth rate since 2004-2005, said The Car Connection.

The two factors driving the trend are lower consumer spending due to the recession and improved car quality

For more, see  The Car Connection,

Source: The Car Connection, IHS

Photo credit: Brightdriver

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1 Comment

  1. Interesting. Americans don’t care about cars anymore, but there are more of them on the road. The average age of a car is 11.4 years old (remember what electronics came in cars 10 years ago?), yet the aftermarket isn’t booming. Don’t think about it too much….

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