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#1
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US Cars Being Kept To Record Age
DETROIT – The average age of a car or truck in the U.S. hit a record 10.8 years last year (2011) as job security and other economic worries kept many people from making big-ticket purchases such as a new car.
That's up from the old record of 10.6 years in 2010, and it and continues a trend that dates to 1995, when the average age of a car was 8.4 years, according to a study of state vehicle registration data by the Southfield, Mich.-based Polk automotive research firm. Polk also says the number of vehicles in the U.S. has been falling since 2008, but that trend reversed itself last year. In 2010, there were 240 million cars and trucks registered in the U.S. That grew slightly to 240.5 million last year, the company said. |
#2
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Economic uncertainty will cause that to happen. I didn't buy new when i went looking for the Tahoe because I don't trust the strength of the new GM. I would have preferred a new Ford, but the wife had her heart set on the Tahoe.
Sadly, most of those older vehicles have less maintenance performed on them, as that is one of the first things to go when belts tighten and money gets thin.
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1987 560SL 85,000 miles Meet on the level, leave on the square. Great words to live by Were we directed from Washington when to sow and when to reap, we should soon want bread. - Thomas Jefferson: Autobiography, 1821.
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#3
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Hah! My cars are 11, 13 and 20. Somebody else is enjoying the newer iron...
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#4
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All the lease returns.
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#5
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my newest is my 05 suburban and i'll tell ya what.my girlfriends 2000 sub is so much better,it's tighter,quieter,and gets better milage.with the quality like that those numbers will be changing as the cars ain't gonna last 10 yrs.i have always said what they want is for the sheeple to make perpetual car payments.as soon as you get your car paid off or even before its paid off it dies and you go and get a new one and start paying again.
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#6
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Maybe the upside to this economy will be people finding out that the only way to make a car cost effective is to drive it into the ground. Our running cars' age averages out to 12 years, now that the 240D is gone and if I don't figure in grandpa's 64 F100 in the barn.
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You're a daisy if you do. __________________________________ 84 Euro 240D 4spd. 220.5k sold 04 Honda Element AWD 1985 F150 XLT 4x4, 351W with 270k miles, hay hauler 1997 Suzuki Sidekick 4x4 1993 Toyota 4wd Pickup 226K and counting |
#7
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Quote:
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1987 560SL 85,000 miles Meet on the level, leave on the square. Great words to live by Were we directed from Washington when to sow and when to reap, we should soon want bread. - Thomas Jefferson: Autobiography, 1821.
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#8
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I did my bit to push it towards the newer direction. Our fleet average has soared to 33.5 years after I sadly discarded the 65 Citroen for SWMBO's 380SL.
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80 300SD (129k mi) 82 240D stick (193k mi)77 240D auto - stick to be (153k mi) 85 380SL (145k mi) 89 BMW 535i 82 Diesel Rabbit Pickup (374k mi) 91 Jetta IDI Diesel (155k mi) 81 VW Rabbit Convertible Diesel 70 Triumph Spitfire Mk III (63kmi)66 Triumph TR4a IRS (90k mi)67 Ford F-100 (??) Last edited by rs899; 01-17-2012 at 07:56 PM. |
#9
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Another reason is that the cars last longer these days.
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#10
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Cars do last longer and I think there are many who bought vehicles before the RE market tanked who can no longer leverage their equity to car shop.
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95 E300D working out the kinks 77 300D, 227k, station car 83 300CD 370k, gone away 89 190E 2.6- 335k, no more 79 VW FI Bus- 145k miles, summer driver 59 VW Beetle ragtop- 175k miles 12 VW Jetta- 160k miles |
#11
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Who in their right (proper) mind would use home equity to purchase a new car?? That's got to be one of the dumbest moves...
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1987 560SL 85,000 miles Meet on the level, leave on the square. Great words to live by Were we directed from Washington when to sow and when to reap, we should soon want bread. - Thomas Jefferson: Autobiography, 1821.
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#12
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Cars last longer, and used car prices are nuts.
I could still sell my truck for what I paid for it in 2009.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#13
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You have to have a little personal disipline that too many lack. Living well within your means is a way to stay out of the pressure cooker and solvent. Does not help the economy as much though but helps the individual in my opinion. Living well within your means is a natural comfort zone I have always felt. If disatisfied with that increase your means. Plunging into debt instead makes no sense as the alternative to me anyways. The old saying if you cannot pay for it you really cannot afford it without some risk component being involved is still true. They broke up after twenty years of wedded bliss and both went down the road with nothing basically. Factually they enabled this by never considering a lot of potential variables in life. Even a breakup. Then there is sickness, perhaps periods of low earnings etc plus other unexpected occurances. Too many people gamble too much for too long. Many run some risk when first starting out and this is a neccesity sometimes. You should want to get by that period as soon as possible. It should not become a permanent way of life. I suspect a lot of these types of behaviours are fostered by unreasonable expectations or a very poor overall educational system as well. Last edited by barry123400; 01-17-2012 at 09:23 PM. |
#14
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Great stat - I sell new auto parts!
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- Brian 1989 500SEL Euro 1966 250SE Cabriolet 1958 BMW Isetta 600 |
#15
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OTOH, if you are broke and using it to buy your new S-class that you obviously have no need of, it is bad. Used properly, I would be curious to see why you think it is a bad thing.
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01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
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