Your Chassis is Starting to Creak, Darling.
There’s a big ol’ list of things we use a lot that start to show real wear and tear-signs after ten years. Sometimes we replace ‘em, and sometimes we deal with the “quirks”. Washers and dryers. Window A/C units. Wives. Silverware. Husbands. Winter jackets. Socks and toasters. Garbage cans in your bathroom. Garbage cans in your bedroom. Gloves used to rake leaves.
Now we can add the automobile to the list.
According to Polk (they do “market analysis”, or “selling reports with ridiculously generalized observations for eyelid widening amounts”), the average vehicle’s average age is 10.8 years, the highest since they started tracking vehicle age in 1995. (Average vehicle? Is that like a Taurus? An Escort? A Civic? Insights like this available for 4k!)
The increasing age of cars is occurring simultaneously with a declining population of cars on the road; as of July 2011, 240.5 million cars are in operation, down from 242 million in 2008.
Think about that. 240.5 million. Cars. In operation…in America.
There are two important takeaways from Polk’s 4k (ish) market analysis. The first is that repair facilities, mechanics, and all sorts of parts suppliers will see a bump in business because old cars need fixin’. The second is to expect a continued increase in new car sales as pent up consumer demand is released like a fire hose on a fire. Fwooooooosh.
So…are you driving around in a decade old beater from college? What? High-school?!?!!?? Stop it. Let Carwoo help you save some money and avoid those annoying decade-old repairs.