The average car in the U.S. is now a record 11.5 years old, according to IHS Automotive, a sign of the increased reliability of today’s vehicles and the lingering impact of the sharp drop in car sales during the recession.
Drivers behind the wheel of older cars aren’t rushing to ‘enjoy’ some of the latest advanced safety features or infotainment system that effectively turn cars into cellphones on wheels.
According to IHS Automotive, the average length of ownership for a new vehicle is now almost 6.5 years and 5 for a used vehicle.
How long have you had your car? Why haven’t you made the switch?