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Tuesday
Jan172012

Average Years Americans Keep Cars Reach Record High

iStockphoto/Thinkstock(DETROIT) -- The clunker in the driveway's reached a record-old age. The average age of a car or truck in the U.S. is now almost 11 years, according to an analysis released by automotive research firm Polk. Job security and other economic worries kept many people from making big-ticket purchases such as a new vehicle.  

Back in 1995, Americans kept cars for an average of 8.5 years, according to the analysis that looked at vehicle registration data.

Polk global aftermarket practice leader Mark Seng said the increase in vehicle age could bring positive outcomes for vehicle maintenance services and parts dealers.

"Dealer service departments and independent repair facilities, as well as aftermarket parts suppliers, will see increased business opportunity with customers in need of vehicle service," Seng said.

Copyright 2012 ABC News Radio







ABC News Radio