31 Aug '13, 9am

Average Vehicle Age Hits 11 Years #Manufacturing

If you’re driving a 10-year-old car, don’t feel bad. It turns out that your 10-year-old vehicle is actually younger than more than half the cars on the road today. Thanks to better parts, more reliable designs, and a serious economic recession since 2009, the average light vehicle is now 11.4 years old, says a new study from research firm R.L. Polk & Co. The study, based on a review of more than 247 million US car and light truck registrations, adds that the average age of today’s vehicles will continue to climb over the next few years. ”This is the oldest vehicles have been since we started tracking it in 1998,” Polk vice president Mark Seng told Design News. “People are clearly hanging onto their vehicles a lot longer today.” Light duty vehicles have been getting older since 2002, climbing from 9.6 to 11.4 years over an 11-year period, the study said. Over the last few y...

Full article: http://www.designnews.com/document.asp?doc_id=267151&f_sr...

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