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Keyword: avgageofvehicles

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  • Average age of US vehicles hits record 10.8 years

    01/19/2012 4:14:00 PM PST · by matt04 · 48 replies
    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...