#Reports
The Average Road-going Vehicle is Now Older Than Ever
The life expectancy of the average automobile was only 6.75 years in 1930. It is almost double that now and shows no signs of stopping.
As cars and trucks have continued to become longer lived, the number of operational vehicles in the United States hit a record high this year. Despite the automotive genocide that was Cash for Clunkers, the average vehicle on U.S. roads has grown in age since the financial crisis. Either through necessity or personal preference, Americans are currently holding onto their cars longer than ever before.
Toyota, Honda Dominate List of Cars Kept for More Than 10 Years
Nearly 30 percent of buyers who purchase a Honda CR-V, Toyota RAV4 or Prius car will keep that car for more than 10 years, according to data from iSeeCars.com.
Data from 400,000 car purchases was analyzed for the poll, according to the study group. The industry average for owners keeping their cars 10 years or longer was 13.5 percent.
Of those top 15 vehicles whose buyers keep them longer than a decade, nine of them were Toyotas; 5 were made by Honda. The Honda CR-V was tops at 28.6 percent of buyers who kept that car for 10 years or more.
Report: NHTSA Failed Consumers Over Automotive Safety
Last Friday, the U.S. Transportation Department’s Office of Inspector General dropped the sledgehammer on the NHTSA over its failings in automotive safety.
NHTSA Facing The Music Over Role In 2014 GM Ignition Recall Crisis
A year after General Motors went under the gun for its part of the February 2014 ignition recall crisis, the NHTSA is now facing the music for the rest.
Report: Autonomous Vehicles Displacing Traditional Models Over 25 Years
Per a report from Barclays, U.S. new-car sales may fall as much as 40 percent over the next 25 years as shared autonomous vehicles take hold of the market.
OPEC: Oil To Remain Below $100 Per Barrel Through 2020s
Those hoping for a return to $100 per barrel of oil are in for a long wait, as OPEC says oil will remain below the price point through the 2020s.
AAA: Memorial Day 2015 To See Highest Travel Volume In Ten Years
Memorial Day 2015 will see the highest volume of travel in a decade as 37.2 million Americans hit the road to begin their summer season.
China Automotive Exports Crashing Against Geopolitical, Currency Challenges
China may be a hotbed for automakers to bring in their latest and greatest, but exports of its automotive wares aren’t as hot these days.
GAO: Current Natural Gas Standards Cost Taxpayers Millions
A new report by the Government Accountability Office says the Bureau of Land Management has yet to revise standards over natural gas, costing taxpayers.
Buick Regal Tops Among Those Traded-In After One Year Of Ownership
In a hurry to trade your new Buick Regal for something else? You’re not alone, as the sedan joins a handful of models traded-in after a year of ownership.
JD Power: Millennials Buying More New Vehicles Than Expected
Millennials giving up on cars? Not according to a recent J.D. Power study.
AAA: Millennials Drive Increase In US Fuel Consumption Amid Low Prices
With fuller wallets and lower prices at the pump, millennials are leading the charge toward the highest consumption among Americans since 2007.
Report: Clean Diesel NOx Levels Exceed European, US Standards
Is clean diesel the cleanest diesel in the tub? Not as previously hoped, according to a new report.
EPA: Industry Exceeded National GHG Emissions Standards In 2013
According to the Environmental Protection Agency, the auto industry outperformed national greenhouse gas emissions standards for a second consecutive year.
Report: US New-Diesel Registrations On The Rise
Diesel hasn’t had the best reputation in the United States since the early 1980s. A new report says this attitude has changed as of late.
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