The average age of
the 247 million cars and trucks
on U.S. roads hit a record of 11.4 years in January, the latest figures
available from state registration data gathered by the Polk research firm.
That’s up from 11.2
years in 2012, and nearly two full years older than in 2007, before the start of
the Great Recession, Polk said Tuesday.
People are keeping
their cars because the quality is so much better and they are trying to avoid
the monthly payments, said Mark Seng, a Polk vice president. The annual
percentage of cars and trucks sent to the scrap yard has dropped 50 percent
since the recession, he said.
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