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The average age of cars on the road in 2023 was 13.6 years up from 11.5 in 2015 and 9.9 in 2003. https://finance.yahoo.com/average-age-vehicles-u-roads-1303004
by laurencerowe 3y ago
The average age of cars on the road in 2023 was 13.6 years up from 11.5 in 2015 and 9.9 in 2003.
https://finance.yahoo.com/average-age-vehicles-u-roads-130300453.html https://finance.yahoo.com/average-age-vehicles-u-roads-13030...
- nerdbert 3y agoDoes that tell us how reliable the cars are, or how much people are willing and/or able to spend on replacing their cars with new ones?
- fshbbdssbbgdd 3y agoThat’s a good start, but it would help to know more about how long cars from different model years last. Those numbers would be consistent with increasing reliability over time, but that’s not the only possible explanation. For example, if there is a cohort of 2000-2010 year cars that keeps running and getting older, while more recent cars are replaced more often, it could result in an increasing average age over time while new cars get less reliable.