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Sep 28 - Cars on American roads keep getting older



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 3 weeks ago '11        #1
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Sin  topics gone triple plat - Number 1 spot x40
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Sep 28 - Cars on American roads keep getting older
 

 

The average age of vehicles on U.S. roads has been rising for decades as cars grow ever more durable — and expensive.

The average age of a car on U.S. roads rose to 12.1 years in 2021, according to IHS Markit. The average age had been 11.9 years in 2020. In 2002, the average age was 9.6 years.

There was a time when drivers didn’t expect to get more than 100,000 miles out of their cars at the most. These days, however, it is not unheard of for cars to last 200,000 or more.

Car shopping site iSeeCars publishes a list of the longest-lasting cars on the road. Recently, it found that 16% of the Toyota Land Cruisers on the road have at least 200,000 miles on them. Meanwhile, at least 2.5% of several other models — from car makers including Toyota, Honda and General Motors — also have at least 200,000 miles on their odometers.

Industry analysts say there is some concern that rising vehicle prices and improved durability might affect the frequency with which buyers seek new cars in the future. But as vehicle age as grown, so has the overall size of the American fleet.

A very rapid pace of technological change, such as improved performance, rising fuel mileage, electric powertrains and safety features, may be enough to keep consumers returning to dealerships.

visit this link https://www.cnbc.com/2021 .. ing-older.html
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130 comments
 

 3 weeks ago '08        #2
tdnupe3 
Props total: 40018 40 K  Slaps total: 2775 2 K
Prices are ridiculous. People are financing cars for 7-10 years now. Not too long ago, a 5 year (60 month) financing term was the longest people would consider. Also, luxury cars were (usually) the only ones over 50K. Now, things are A LOT different.


Last edited by tdnupe3; 09-28-2021 at 08:59 AM..
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 3 weeks ago '11        #3
Suppafresh 
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Bruh cars cost way to fu*king much. Ain’t no one trying to keep buying these over price junk cars man.
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 3 weeks ago '04        #4
ddash 
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Yup I just bought a used Lexus and in great condition for a good price.After I bought it, the price went up.Lexus stay on the roads forever and I intend to keep mines for a long time unless that price get to a point where I cant resist selling it lol.


Last edited by ddash; 09-28-2021 at 08:16 AM..
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 3 weeks ago '10        #5
ARosary 
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 tdnupe3 said
Prices are ridiculous. People are financing cars for 7-10 years now. Not too long ago, a 5 year (60) month financing term was the longest people would consider. Also, luxury cars were (usually) the only ones over 50K. Now, things are A LOT different.
Saw a fu*king Buick Enclave for $64K when I bought my car couple months ago.

Most of the new trucks there started at $70k nothing less. If it was used it was nothing under $40k around for trucks.

The car prices was just as close to the suv/truck prices
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 3 weeks ago '16        #6
Proveone  topics gone triple plat - Number 1 spot x4
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 ddash said
Yup I just bought a used Lexus and in great condition for a good price.After I bought it, the price went up.Lexus stay on the roads forever and I intend to keep mines for a long time unless that price get a a pint where I can resist selling it lol.
Got my GSF used almost two years ago sh*t is worth what I paid for it plus the 12k additional miles I put on it
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 3 weeks ago '04        #7
ddash 
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 Proveone said
Got my GSF used almost two years ago sh*t is worth what I paid for it plus the 12k additional miles I put on it
Yea I was kind of forced to buy a car after my car got totaled and had a week to do so.The insurance cut me a check for wayyyyyy more than I expected and what my car was worth.I been wanting a Lexus IS for 10 plus years and found 1 for a decent price.It was more than I wanted to spend but I figured yolo mane!!

The dealership was not trying to budge on price but they did and if I had waited a week or 2 then the price wouldve been 2-4k more.Right after the used market went crazy and pretty much all used lexus in my price range was gon.The only thing in now is lease returns and 2017 going for 30-37 plus now.

Im prolly up 3-4k on my car already.I only avg about 4-7k miles a year so its gon stay in decent condition.That Prem gas hurt tho lol

This thing burn fuel.
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 3 weeks ago '20        #8
LuxG1 
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Then pay people more & people will spend/save more…it’s not rocket science…when covid hit what was the largest job sector that got hit…retail/restaurants….
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Top 10 most propped recently  3 weeks ago '20        #9
Gen Anti Fruit  topics gone triple plat - Number 1 spot x9
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Because we buying used plaibwoi
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 3 weeks ago '08        #10
tdnupe3 
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The used car market is exploding too.

There is a micro-chip shortage, so manufacturers aren't sending as many new cars to dealers. In turn, those dealers are selling more used cars than before. Increasing the demand for used cars, and driving the prices up. That's why folks are getting more for trade ins now and their cars being worth more than they initially paid for them a couple of years ago.

In a couple of years, you'll have a surplus of new vehicles because chip production will finally catch up to demand.
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 3 weeks ago '17        #11
Ifeellikekobe  topics gone triple plat - Number 1 spot x3
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A car payment is such a burden nowadays. There is no truck, suv or car that I would buy now if the payment is gonna be $500 to $700
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 3 weeks ago '06        #12
Skateboard T  topics gone triple plat - Number 1 spot x6
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Because once the 2010s hit cars started lasting a significantly longer period of time than they used to.

Glad I live in a city with decent public transit and very mild winters, getting rid of my car was one of the best decisions I ever made.
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 3 weeks ago '11        #13
Sin  topics gone triple plat - Number 1 spot x40 OP
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 Ifeellikekobe said
A car payment is such a burden nowadays. There is no truck, suv or car that I would buy now if the payment is gonna be $500 to $700
once I paid off my car and realized how much money I was able to save and invest I decided I never wanted a car payment again
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 3 weeks ago '07        #14
PurpleKush 
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man they charging 90k for new some new lincoln navigator smh
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 3 weeks ago '07        #15
240ka  topics gone triple plat - Number 1 spot x1
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I just bought a used car out right, car payments are for the birds.


Last edited by 240ka; 09-30-2021 at 12:08 AM..
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 2 weeks ago '17        #16
DaQCKing  topics gone triple plat - Number 1 spot x3
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Price of cars both new and used are outrageous. Aint nobody tryna spend what would amount to a mortgage on a damn car.
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 2 weeks ago '05        #17
DatKidDex 
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Still in my 2008 Civic have 250k on her now
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 2 weeks ago '20        #18
LordGimmeASign 
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 DatKidDex said
Still in my 2008 Civic have 250k on her now
How's it holding up?
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 2 weeks ago '20        #19
LuxG1 
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 PurpleKush said
man they charging 90k for new some new lincoln navigator smh
Ford products are sh*t anyways…i had a choice between a navigator or Denali & i went Denali…to many recalls on the Lincoln.
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 2 weeks ago '20        #20
LuxG1 
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 DaQCKing said
Price of cars both new and used are outrageous. Aint nobody tryna spend what would amount to a mortgage on a damn car.
Speak for yourself.
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 2 weeks ago '15        #21
PineappleOG 
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I love my car and don’t plan on buying a new one anytime soon, gonna keep it forever regardless. TGOD, Toyota Fj 08
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 2 weeks ago '20        #22
RockyII 
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As a mechanic, these newer cars are. Made very poorly. There's constantly TSBs that say something of bad casting or manufacturing faults. Plus all this aluminum doesn't withstand time like cast iron does
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 2 weeks ago '08        #23
Ron O'Neal 
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I've been working from home for the past 2 years. I was thinking about getting a new car but said the hell with it since I don't drive like that anymore. Not to mention my sh*t paid off and I'm enjoying the extra ends every month
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 2 weeks ago '11        #24
0ddJoB 
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 Skateboard T said
Because once the 2010s hit cars started lasting a significantly longer period of time than they used to.

Glad I live in a city with decent public transit and very mild winters, getting rid of my car was one of the best decisions I ever made.
Ain't you a lawyer? Public transit saves you enough money, to make getting rid of your car, the best decision you ever made?

You scraping for pennies?
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 2 weeks ago '06        #25
Skateboard T  topics gone triple plat - Number 1 spot x6
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 0ddJoB said
Ain't you a lawyer? Public transit saves you enough money, to make getting rid of your car, the best decision you ever made?

You scraping for pennies?
I bought a motorcycle instead (why I'm glad for the mild winters, the riding season goes longer than other place and starts earlier). Getting rid of my car saved me something like $500 a month between parking, car payment, gas, and insurance. And I wound up taking public transit 99 times out of 100 anyway because it was way easier than driving a couple miles and spending 20 minutes looking for a parking spot.


Definitely not scraping for pennies but I'm not saying no to an extra $6,000 per year to get rid of something that was more trouble than it was worth.
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