A report was released about an hour ago that shows Americans are less and less attached to their cars.
The report is based on a study by the University of Michigan Transportation Research Institute. It finds that since peaking in the mid-2000's, the number of miles driven per household, per driver, per vehicle and per person have all fallen off.
What's up with that??
US News interviewed one of the research professors, who blames it not just on the "Great Recession" as so many are calling it...but a boom in the number of people working from home or utilizing public transportation.
Interestingly, new car sales are on the rise significantly again since the "Great Recession". Perhaps it has something to do with the average age of cars and light trucks on the road in the U.S. The number now stands at 11.4 years old.
At Monaco Ford in Glastonbury, we always find studies and trends like this to be fascinating. As we've seen Ford vehicles get better and better, we can understand the rising average age in vehicles. New Ford vehicles backed by outstanding warranties no doubt play a role in the increase in age.
But we've also seen many people who in the past may have purchased a new vehicle turn to certified pre-owned vehicles. Also backed by an outstanding Ford warranty, these low-mileage vehicles offer an affordable option to many people...including those who may have struggled with credit issues in the past.
We're curious to hear YOUR perspective. How attached are you to YOUR car?
No comments:
Post a Comment