Average Vehicle Age To Remain Around 11 Years Through 2019
If the highways appear to be filled with vehicles built during the middle years of Bush II’s first term, your eyes are not deceiving you: IHS Automotive says the average age of a given vehicle on the road has remained at 11.4 years at the end of 2013.
Automotive News reports the average age figure will hold through 2015, then climb to 11.7 years by 2019. Though high at the moment, the firm’s director aftermarket solutions and global aftermarket practice leader Mark Seng states the figure is entering a plateau “without a major change in either direction” through the rest of the decade. He adds this is based upon “a number of factors, including the economy and increasing quality of today’s automobiles.”
As for new cars, IHS expects vehicles five years and younger will increase their presence by 32 percent in 2019, with vehicles 12 years and above to 15 percent and those in-between the two extremes to actually decrease in visibility by 21 percent in the same period.
Finally, the highways saw a record 252.7 million units travel upon them in 2013, up from 2 percent in 2012.
Seattle-based writer, blogger, and photographer for many a publication. Born in Louisville. Raised in Kansas. Where I lay my head is home.
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