More Cars, Older Cars

2014-02-19T10:58:00Z More Cars, Older CarsJim Gorzelany nwitimes.com
February 19, 2014 10:58 am  • 

No wonder it seems like traffic is getting worse. According to an analysis conducted by Experian Automotive in Schaumburg, IL, the number of cars and light duty trucks on the road increased to 247.9 million at midyear 2013, which is the highest level recorded since 2008.

While experts attribute growing new-car sales to the recovering economy as part of the reason for the vehicular population boom, owners are also keeping their rides running longer than ever, likely because the economy went sour in the first place. Experian says the age of the average vehicle is currently at 10.9 years, which is nearly a full year older than it was back in 2009.

Among model segments, full-size pickup trucks remain the most popular at 14.9 percent of all vehicles in operation as of mid-2013, followed by standard midrange cars (at 11.9 percent) and small economy cars (at 9.1 percent). General Motors can boast the highest share of vehicles still in operation at 26.6 percent of all makes and models, followed by Ford (at 18.9 percent), Toyota (at 12.6 percent) and Chrysler (at 12.5 percent).

© CTW Features

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