4 ms·
> consumers still expect their cars to last 10+ years Much longer than that. I'm in my mid 20s in the UK, and I only know one person who drives a car that's le
by WhoeverSomeone 4y ago
> consumers still expect their cars to last 10+ years
Much longer than that. I'm in my mid 20s in the UK, and I only know one person who drives a car that's less than a decade old, and she leases it. Everyone else has cars 1995-2011. Mine is a 2010 fiesta which I bought last year.
The used car market is huge here.
- Symbiote 4y agoNot that much longer than that. > The average age of a car at scrappage in 2015 reached 13.9 years, which is on a par with the 2014 performance. The lowest scrappage age, 13 years, was recorded in 2009, a result of government’s scrappage scheme. [1] > Furthermore, the average age of a vehicle on the road has increased, from 6.8 years in 2003 to 7.8 recorded in 2015. This reflects both slower fleet renewal and the increased longevity of vehicles. Looking at the statistics (veh1111.ods in data tables [2]), on 31 December 2021, 63% of cars were less than 10 years old. 86% were less than 15 years old. 96% were less than 20 years old. [1] https://www.smmt.co.uk/industry-topics/sustainability/average-vehicle-age/ https://www.smmt.co.uk/industry-topics/sustainability/averag... [2] https://www.gov.uk/government/statistics/vehicle-licensing-statistics-2021 https://www.gov.uk/government/statistics/vehicle-licensing-s...
- toyg 4y agoTbf, this has something to do with supply of right-hand drive vehicles being smaller than left-hand drive. In a lot of the EU, the used-car sector has lost a lot of ground, particularly since governments figured that a cheap way to stimulate tax revenues is to pass emission rules, effectively forcing sales of new vehicles. We had a similar effect in UK (also powered by the rise of PCP), but the somewhat-constrained supply of new vehicles kept up prices of used ones.