AggieMike88
Touchdown! Greaser!
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The original "I don't know it all" of aviation.
From a newsletter from my Automotive/Truck Recycling Associaton (link). Since we have had some good discussions in recent past about cars and trucks, I figured some of you might find this interesting.
New Record Age of Motor Vehicles on U.S. Roads
Last week, ARA issued a press release responding to new data from R.L. Polk that showed the average age of light vehicles in the U.S. has reached an all-time high of 11.4 years, representing significant opportunities for ARA member businesses and the increased utilization of recycled, genuine OEM automotive parts.
The data comes from the latest report issued by Polk, a global automotive market intelligence research firm, which compiled information from state vehicle registration databases and reviewed over 247 million car and light truck registrations for the report. According to the report, the average age of the nation's car and lightvehicle fleet has continued to rise since 2002, a trend which has now resulted in a record high of 11.4 years. This represents an increase from 11.3 years last year and
10.8 years in 2010. In 2002, the average age of a vehicle on the road was 9.8 years.
Industry analysts have said for years that Americans are holding onto their cars for longer than ever before -- both for personal economic reasons related to the recession as well as better engineered vehicles that are simply built to last longer. According to Polk analysts, the number of vehicles older than 12 years has increased more than 20 percent and that percentage is expected to continue to rise for at least the next five years.
"We are excited about the growing opportunities illustrated by this new data for automotive recyclers to provide green, recycled parts to consumers looking for economical solutions to their automotive repair needs," said ARA President, Chris Wright, in the August 6 press release. "From do-it-yourselfers to insurance companies and the service repair community, automotive recycling businesses offer quality, recycled OEM parts replacement options."
Last week, ARA issued a press release responding to new data from R.L. Polk that showed the average age of light vehicles in the U.S. has reached an all-time high of 11.4 years, representing significant opportunities for ARA member businesses and the increased utilization of recycled, genuine OEM automotive parts.
The data comes from the latest report issued by Polk, a global automotive market intelligence research firm, which compiled information from state vehicle registration databases and reviewed over 247 million car and light truck registrations for the report. According to the report, the average age of the nation's car and lightvehicle fleet has continued to rise since 2002, a trend which has now resulted in a record high of 11.4 years. This represents an increase from 11.3 years last year and
10.8 years in 2010. In 2002, the average age of a vehicle on the road was 9.8 years.
Industry analysts have said for years that Americans are holding onto their cars for longer than ever before -- both for personal economic reasons related to the recession as well as better engineered vehicles that are simply built to last longer. According to Polk analysts, the number of vehicles older than 12 years has increased more than 20 percent and that percentage is expected to continue to rise for at least the next five years.
"We are excited about the growing opportunities illustrated by this new data for automotive recyclers to provide green, recycled parts to consumers looking for economical solutions to their automotive repair needs," said ARA President, Chris Wright, in the August 6 press release. "From do-it-yourselfers to insurance companies and the service repair community, automotive recycling businesses offer quality, recycled OEM parts replacement options."