>average lifetime of American cars is 8-12 years Just a small bit of nuance, but the age at which a consumer trades up their car shouldn't be conflated with th

>average lifetime of American cars is 8-12 years Just a small bit of nuance, but the age at which a consumer trades up their car shouldn't be conflated with the design life. Design life is based on a certain reliability level and the reliability of cars is generally increasing; 25% of vehicles are over 16 years old [1]. The 'lifetime' of cars may be independent from when consumers decide to upgrade. [1] https://www.cnbc.com/2020/07/28/25percent-of-cars-in-us-are-at-least-sixteen-years-old----record-high.html https://www.cnbc.com/2020/07/28/25percent-of-cars-in-us-are-...