Friday, August 31, 2018

America's Old Cars

How old is your car? If it follows the trends of most American drivers, it's probably pretty old. According to a study from the Energy Department, the average age of vehicles owned by households increased from 9.3 years in 2009 to 10.5 years in 2017.

Cars may just be living longer. In 2009, about 7 percent of all vehicles were five years old, and by 2017, this had fallen to just 5.8 percent of all vehicles. But in 2017, there were more vehicles on the road that were 10 years and older than in 2009.

This is up sharply from recent decades. The average car's age rose from just 6.9 years in 1980 to 7.9 years in 1985. For a while, the average age hovered just below 8 years, and as recently as 1992, it was just 8.1 years. But it's risen pretty consistently since then.

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