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The average car in the US seems to be 12 : https://www.wsj.com/articles/average-u-s-vehicle-age-hits-record-12-years-11623680640 https://www.wsj.com/articles/av
by sudosysgen 5y ago
The average car in the US seems to be 12 : https://www.wsj.com/articles/average-u-s-vehicle-age-hits-record-12-years-11623680640 https://www.wsj.com/articles/average-u-s-vehicle-age-hits-re...
And the average yearly mileage in the US is around 13.5k, yielding an average mileage of 173k miles. It is incredibly unlikely that the average car is salvaged at 100-150k miles. 200k+ miles is more like it. This number will also increase as vehicles produced recently have much higher durability, while the 16 year old tail-end is dragging down personal cars.
I can't find a great source, but it seems for example USF only expects 85k miles out of a car, for example: https://www.google.com/url?q=https://www.usf.edu/administrative-services/documents/asbc-resources-field-equipment-replacement.pdf&sa=U&ved=2ahUKEwjyjdvMr9z1AhVFZN8KHQWiBi84ChAWegQIARAC&usg=AOvVaw1-zOpkJ1xtmLeW3f3uXjwr https://www.google.com/url?q=https://www.usf.edu/administrat...
Taxis are an exception with around 210k average mileage, but that's because they are individually owned.
Rental cars seem to be retired at around 60k miles : https://www.wsj.com/articles/rental-cars-with-higher-mileage-populate-lots-1377731770 https://www.wsj.com/articles/rental-cars-with-higher-mileage...
It doesn't make sense commercially to operate a vehicle long after its warranty ends. You risk losing revenue when the car breaks down, and you can expect upwards of 1000$/year in repairs and increased insurance costs as an extra. It makes more sense to sell the car shortly after the warranty ends, recoup 50% of the costs, and buy a new one.
- kipchak 5y agoRentals are somewhat of an odd model, at least pre covid. By buying less popular models/excess capacity they buy at slightly above build cost, and the manufacture or dealers buy the cars from the rental company at it's depreciated value. https://www.autorentalnews.com/155877/car-rental-qa-what-are-the-terms-of-a-repurchase-program https://www.autorentalnews.com/155877/car-rental-qa-what-are...
- qeternity 5y agoAs I wrote below, a 2006 NHTSA report found the average passenger vehicle was scrapped after 152,137 miles. Of course, that's 15 years old. The taxi number seems pretty low. Do you have a source for that?
- sudosysgen 5y agoThat's actually a lot more than 15 years old. The vehicles that were being scrapped 15 years ago at 152k miles were themselves 15 year old, so we're really talking about the lifetime of a 30 year old car.