Saturday, May 10, 2014

Increasing Share Of Older Autos On The Road

From US Bureau of Labor Statistics, Beyond The Numbers, "Americans’ aging autos" by Ryan Pfirrmann-Powell:
The average age of households’ cars, vans, sport utility vehicles (SUVs), and trucks increased from 10.1 years in 2007 to just over 11.3 years in 2012. Chart 2 shows that the share of newer vehicles (those manufactured less than 5 years earlier than the year shown) dropped by nearly 33 percent from 2007 to 2012 while the share of vehicles 11–20 years old grew by 25 percent over the same timeframe.

Vehicles By Age: 2001 to 2012
Source: US Bureau Of Labor Statistics

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