Friday, February 22, 2008

MEDIAN AGE OF CARS: 9.2 YEARS

AP - 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. . . Purchases of new cars fell 3 percent in the U.S. in 2007 as a combination of factors, including high gas prices and the housing crisis, weighed on consumers and led many to put off buying new cars.


1 Comments:

At February 22, 2008 3:49 PM, Blogger Lars said...

My own Ford Escort is going on it's 15th year right now.

 

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