What's the Average Age of a Car in the U.S.?
Americans are loving their cars and loving them longer.
A new report reveals that the average age of a passenger car in the United States is 11.5 years.
In 2009, the mean age was a record low at 9.4 years. Since then, the numbers have significantly increased, reaching 11.4 years in 2013.
"As long as we have tracked average age, it has gradually risen over time due to the increasing quality of automobiles," said Mark Seng, global aftermarket practice leader at IHS Automotive. "For the five to six years following the recession, however, average age increased about five times its traditional rate, which we attribute to the nearly 40 percent drop in new vehicle sales in 2008-2009."
The report says that the average vehicle age will hit 11.6 years in 2016, but won't climb to 11.7 years until 2018.
Watch the "Your World" clip above.