2 ms·
Are you sure about how this metric is defined? The average age of cars in today's fleet is not the same thing as the expected lifespan of today's new car. In a
by saltcured 7y ago
Are you sure about how this metric is defined? The average age of cars in today's fleet is not the same thing as the expected lifespan of today's new car.
In a growing fleet, new purchases expand the fleet and necessarily lower the average age. On the other hand, if production falls below replacement rates, the average age of the fleet will increase. Couldn't such a change reflect changes in demographics (number of new drivers added to population) or habits (amount of car-based travel) as much as car durability?
Also, wouldn't such fleet metrics be influenced by the lumpy history of natural disasters like hurricanes flooding densely populated coastal regions?