Staff Writer - CheersandGears.com
June 28, 2012
The average age of a vehicle in the U.S. has hit a record high. According to Experian Automotive, the average age of the 245 million vehicles registered in the U.S. during the first quarter of 2012 was 11 years. That's an increase of just over 2 months when compared to last year.
Experian Automotive goes onto say that more than 52 million cars and trucks in the U.S. are 16 years or older.
Experian Automotive's analysis also found that Ford has the most models on the road compared to any other automaker. That really shouldn't come as a surprise since the Ford F-150 has been the best-selling vehicle in the U.S. for 30 straight years. The top four automakers with the oldest models on the road include;
- Ford: 17.2%
- Chevrolet: 15.8%
- Honda: 10.4%
- Toyota: 7.3%
The four most popular models are;
- Ford F-150: 3.4%
- Honda Accord: 2.6%
- Toyota Camry: 2.6%
- Chevrolet Sliverado: 2.0%
Why are there more old vehicles on the road? For one, the recession and sluggish recovery has caused people put off buying or trading-in for a new or used car. Also, vehicles are just better built. During the 90's, improvement in quality picked up serious momentum.
William Maley is a staff writer for Cheers & Gears. He can be reached at firstname.lastname@example.org or you can follow him on twitter at @realmudmonster