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Age of U.S. cars hits record high 10.8 years

Our cars are getting older and Americans may be ready to replace their clunkers soon. Here workers build a Ford Focus on the assembly line at the Ford Motor Co.'s Michigan Assembly Plant in Wayne, Michigan.

The Pulse is up today on news that many Americans may finally be ready for a new car in 2012.

According to a study by Polk Automotive Research, the average age of our cars hit an all-time high of 10.8 years in 2011. That number has been steadily rising since 1995 when the average age of a car in America was a youthful 8.4 years. But average car age is really just a way to gauge our collective confidence about the economy: If our confidence is low, we wait; when it’s high, we buy.

In 2005, when middle-class Americans were buying million-dollar homes with the help of adjustable-rate mortgages and other maniacal inventions of evil bankers, 17 million people drove home in new cars. That number shrank to just 10.4 million in 2009 as U.S. households continued to tighten their belts and stretch their dwindling paychecks.

But cars don’t last forever. Last year, the U.S. economy got a boost when almost 13 million drivers replaced old clunkers and many looked to American-made vehicles. Experts see those numbers rising through 2016, as more and more of us literally break down and find ourselves in a car dealership inhaling that intoxicating Eau de Nouveau Voiture.

This is very good news for car salesmen on commission, but the real winner would be the broader economy. More car sales means more jobs in areas that could desperately use them. That scenario's already playing out in Tennessee (where VW hired 2,000 new workers to staff a recently opened factory), Detroit (where various car companies have pledged to add 10,750 new jobs) and Indiana (where Honda will add an additional thousand employees to production lines). Experts expect a 28 percent increase in the job force by 2015.

About the author

Joel Patterson is the Associate Producer of Marketplace Money.
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For every product there is a life time of it and after the completion of the same it has to be renewed. So, for a product to do good business in the competitive market this is one major factor which needs to be considered. The more the life time of the product the more is its demand. For example we can take cars. I really like this post because of the information related to cars given here. It is a good and great news that the age of U.S cars hits a high record of 10.8 years. Every thing depends on maintenance for a car to perform well for long period of times. Along with maintenance we have to do proper servicing of our car in proper interval of time as well as have to take care of its engine oil. Also, we have to make an important note that our cars functionalities are performing well and if no have to get it repaired from a good repair center. Below I am going to mention a link of a good car repair center in Oregon city called German Formula:
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Yes, this is a true thing that the U.S cars are long lasting and are made a record of high 10.8 years. So, my only concern to make a car perform well is to maintain the car well and do proper servicing and repair of the car when needed from a good car repair center or servicing center. If we do these things in proper time interval then our car will look stylish for longer period of time and also can give better service through out. So, it is preferable for us to choose a best repair center for our car. I am staying in Los Angeles and found a good Mercedes service center called Jeffs Mbz where I am used to go for the repair and servicing of our car and you all can follow this. I am providing the link below.
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From my point of view, as I have studied the car market and from my individual experience the cars maximum age limit depends on us, the user of the vehicle. Yes, I am agree with the fact that the car making aspect and engineering had done a great job by adding extra effort to make the time span of car increase like from 8.4 years as stated previously to 10.8 tears from recent state. Along with this it depends how we are running our car. How we are maintaining it. If we maintain our car in regular interval of time and service our car after particular miles of run then it will run smoother and we can get better service from it . Along with this measure, we also have to notice if there are any functional error in our car then we have to repair it immediately to avoid car related issues.
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