People keeping vehicles longer: report
by JP Bill - 2/23/08 10:15 AM
People keeping vehicles longer: report
DETROIT - People are keeping their cars and trucks longer as quality improves and the uncertain economy makes new purchases less appealing, according to a study released this week by automotive consulting firm R.L. Polk & Co.
Polk said the median age of cars on U.S. roads was 9.2 years in 2007. That ties the previous year's record high. In 2007, 41.3 percent of all cars were 11 years or older, compared with 40.9 percent the year before.
The median age for trucks and sport utility vehicles rose 4 percent to 7.1 years. Dave Goebel, a consultant for Polk's aftermarket team, said those numbers are starting to reflect a surge in truck and SUV purchases in the mid- to late 1990s.
76 Honda (new)
86 Honda (new)
in 94 bought 87 Honda (low mileage)
in 04 bought 91 Corolla (low mileage)


Moderator
CNET Staff
Samsung Staff
Dell Staff