17 Sep 2023 5:05 pm
If you outlive your car you’ll need a replacement.sootedupCyndi » 17 Sep 2023, 3:55 pm » wrote: ↑ You Silly goose?
Why would I
A person who OWNS her own gas car- paid for ? Give that up that? To save money on a 65k car payment???
why would I?
Want to pay a huge car payment? I could buy a hella of a lot money filling up my tank with extra gas on with another 20 dollar bill?
let alone giving them a 500/ month for a car payment... R you NUTS
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You've probably heard that new cars are, well, expensive. Even if prices might be dropping and inventory is starting to stabilize, the average price of a new car is still around $48,000. If that's not enough sticker shock, a study by S&P Mobility shows the average age of passenger cars in operation is 13.6 years old. That average age rose sharply in 2020.
Less than two decades old might seem spry for a used car but, with more than 284 million vehicles running on US roads, these statistics show a new but increasing trend for domestic consumers. Even if consumers want to purchase a new car, many are opting to keep their current cars. Light trucks make up an average of 11.8 years in operation, which means an overall average age for US vehicles of 12.5 years.
S&P Mobility says the average age of vehicles has risen six straight years, and this year represents the highest yearly increase since the 2008-2009 recession. Analysis of new vehicle sales indicates these increases are due to a sharp decline in new-vehicle sales demand as well as year-end low levels of inventory. With the growing popularity of pickup trucks as family vehicles, the number of passenger cars on the road may fall beneath 100 million for the first time since 1978.Despite new sales figures dropping in 2021 and 2022, S&P Mobility forecasts new vehicle sales to surpass 14.5 million units in 2023. This should curb the average age growth rate, though the steady rise in age also has benefits for the aftermarket sector. Older vehicles with more miles mean additional work for dealerships or independent garages. Plus, higher-mileage service maintenance is often expensive, leading to increased revenue for technicians. And this aging trend isn't just a fluke, as projections show that vehicles ages 6-14 will grow by another 10 million units and represent 74% of vehicles on the road by 2028. That's worth an extra 5% or more in revenue for service centers and their employees going into 2023.
——-https://www.tesla.com/