Average U.S. Car Fleet Older Than Ever
America has 245 million vehicle on the road, and their average age has grown to a record 11 years, says Experian Automotive. The research firm says 52 million of those vehicles are at least 16 years old.
Experian estimates that the number of vehicles seven years and older in the U.S. has surged to about 176 million units from 159 million units three years ago. The firm attributes the aging fleet to two factors: Cars are more durable, and consumers stung by the economic slump are still cautious about replacing their current vehicles until absolutely necessary.
Brands with the most vehicles in the American fleet are Ford (17%), Chevrolet (16%), Toyota (10%) and Honda (7%), according to Experian.
The firm says the ranking closely tracks the most popular models still on the road: Ford F-150 (3.4% of the country's fleet), Honda Accord (2.6%), Toyota Camry (2.6%) and Chevy Silverado (2%). The firm notes that hybrid and electric vehicles account for 0.9% of the mix.