Thanks for the backup. :) I think the numbers are heavily skewed by people who do buy those new cars every few years. Also, I think the car rental companies -

Thanks for the backup. :) I think the numbers are heavily skewed by people who do buy those new cars every few years. Also, I think the car rental companies - who would have massive annual turnover of vehicles - further skews the average[1]. The top 4 companies have ~2M vehicles and if they never have a car more than 3 years old (probably more like 2 years), then they buy ~700k/year or 7% of that 10M in annual new car sales. 1 - http://www.fool.com/investing/general/2012/07/13/surprising-facts-about-the-rental-car-industry.aspx http://www.fool.com/investing/general/2012/07/13/surprising-...