Average age of running vehicles in the US was 11.4 years at end of 2013

Article by Christian A., on June 12, 2014

The average age of a light vehicle on the road in the United States was 11.4 years at the end of 2013, according to IHS Automotive. IHS expects the average age to remain at 11.4 years through 2015, before rising to 11.7 years by 2019.

IHS said that the slower rate of growth in the average age of a light vehicle -- compared with the past five years – underscores the recovery of auto industry and the surge in new-vehicle sales.

Mark Seng, director of IHS Automotive’s aftermarket solutions and global aftermarket practice leader, remarked that for 2014, there would be a plateau in the average age of vehicles, which should remain over the next few years. He said the expectation was based on a number of factors, like the economy and increasing quality of vehicles.”

According to IHS, the average age of vehicles jumped 5 percent in the 2004-2009 period. On the other hand, the figure in the 2009-2014 period leaped 11 percent. IHS is expecting only a 3-percent jump in the average age of vehicles on the road.

There were also 24-percent more new-vehicle registrations than the number of scrapped vehicles in 2013. Total light vehicles in the road in the year jumped to a new record of 252.7 million. IHS said the figures were based on a study of vehicles in operation on Jan. 1.

IHS expects the volume of vehicles aged five years and below to hike 32 percent in the next five years while those aged 6-11 will drop by 21 percent.

The volume of vehicles 12 years and older is expected to surge by 15 percent in the next five years. Seng remarked that during recession years, people held onto their cars for longer and longer.

If you liked the article, share on:

Topics: united states

Comments

Recommended

It has been nearly eight years since Toyota entered a new era of sports cars when it officially unveiled the production version of the Toyota 86 – also known as...
by - February 27, 2019
The new Audi TT RS – yes, the top version of the German carmaker’s facelifted TT model series – is now officially here. If you could remember, the range-topping TT...
by - February 18, 2019
Nearly half a year ago when McLaren Automotive unveiled the McLaren 600LT Coupe, the British carmaker is now introducing a version that lets its passengers enjoy the thrill of an...
by - January 25, 2019
German carmaker Volkswagen is now making the latest evolution of the new Volkswagen Golf GTI -- the new Golf GTI TCR. First unveiled as a concept at the annual GTI...
by - January 24, 2019
It has been three and a half years since BMW unveiled the sixth generation of the BMW 7 Series. Thus, it is really about to give the 7 Series a...
by - January 17, 2019