Average Age of US Vehicle Hits All-Time High
When an economy suffers through a terrible recession, people also
suffer on an individual level. When money is tight, consumer purchases
drop precipitously, and one of the many ways in which consumer spending
and overall consumer confidence is measured is by tracking vehicle
purchases and the average age of vehicles. According to one automotive
market research firm, the average age of vehicles in the United States
has hit an all-time high. According to Polk, a marketing
analysis group that focuses on the automotive market, the average age of
vehicles in the...
Published By: research.lawyers.com - Tuesday, 24 January