well...New car sales (lease sales) wouldnt be as high that it is/was at 17 million units last year...
Each and every year, 16 million, 17 million units are sold/leased. There was a small window where there was a panic and literal meltdown when the industry dipped to 10 million...
The figure, I believe, where it states that the avg age of the |American car is 11 to 12 years old is because in most parts of the US, weather is favorable to older cars, and...I think, the average American household owns 2 cars... One old car. and one newer car. And especially in the warmer parts of the US...the older car is quite old...but in good shape. But there is a very very fairly new leased car in the driveway...
Yes like you said, leases are very popular in America. Exactly why the newer, shinier, blinglier EV Bolt WILL be leased when the lease to the Rogue, CR-V, Escape will be due. And NOBODY gonna buy out their CR-V lease when its up... Aint NOBODY gonna hang on to those ICE vehicles... Nothing exciting, enticing for them to do so... Practicality of gassing up? There is always a 2nd car in the family for that...
To my point, when was the last time you saw a Rogue ONe Nissan Rogue on the road? That was a 2016 model... It is now 4 years old... Hence why I mentioned a 2024 EV Bolt. A CR-V that is leased today, you actually think the people in 2024 would be loyal to the CR-V to buy it out when they have a chance to drive a brand new, shinier, blinglier model in 2024 over that 4 year old CR-V?
Cash for clunkers was introduced to get the economy rolling because new car sales dipped to 10 million...
In 2024, I would think the economy would bounce back from Covid, actually, I did google and so far, 6 million units have been sold. That is on pace to hit 11-12 million. We are at just above half way throughn the year. That would be the number that the US hit in 2010 and 2011, the year that everyone praised the economy was finally back. It would seem that Covid hasnt had the same effect as when the economy collapsed in 2008 and 2009...