cryptogon.com news – analysis – conspiracies

June 27th, 2012

Via: CNBC:

Feel like you’re driving an old car? You’re not alone. In fact, the average age of vehicles in the U.S. has hit a new all-time high. Experian Automotive says the average age of the 245 million vehicles registered in the U.S. in the first quarter of this year was 11 years.

That’s an increase of just over 2 months compared the first quarter of last year.

What’s behind the increase? Part of it is because the recession and sluggish recovery forced many people to put off buying or trading-in for a new or used car. Another factor is the fact cars and trucks are built to run longer. That quality improvement picked up momentum in the early ’90s. Now, many of those cars and trucks are 13 to 22 years old, and yes there are millions of them still on the road.

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