Another Obama Record!… The Average Age of US Car on the Road Is 10.8 Years
Even after the failed Cash for Clunkers program the average age of a US vehicle today is 10.8 years.
More hope and change…
The average age of the US car on the road is 10.8 years.
Americans are holding onto cars and trucks longer, pushing the average age of a vehicle to a record 10.8 years.
The Polk research firm said Tuesday that the average age of a car last July was 11.1 years, while the truck average was 10.4.
Unemployment and the sour economy have caused people to put off buying cars and trucks.
Polk says the average vehicle age has been rising since 2008.
But the firm says a sales rebound last year is likely to slow the aging rate.
Car companies sold 12.8 million vehicles in the U.S. last year, up from 11.6 million in 2010.
And with 4 more years of Obama the average age would be 14.8 years.