Americans Driving Their Cars Longer
Whether it is the economy or just better built cars American’s are keeping their cars on the road longer than ever before. According to R.L. Polk and Co. the average age of your typical car is up to 11.1 years, up from 11 years in 2010. Pickup trucks and SUV’s are seeing similar increases in longevity.
Despite the fact that we are hanging onto our vehicles longer there is still an upside for certain sectors of the automotive business.
“The increasing age of the vehicle fleet, together with the increasing length of ownership, offers significant business growth opportunity for the automotive aftermarket,” said Mark Seng, global aftermarket practice leader at Polk. “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.”
So change the oil regularly, keep the tires inflated and service your vehicle on a regular basis and you’ll find that you won’t be having to visit the showroom quite as often.