Current New Vehicle Market

Klaus

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Where are all the guys who declared "New car prices will NEVER come down to what they were pre-COVID !!!"

Appears we are getting close to exactly that -- like some of us predicted.

if only there was a way to have profited from this :LOL:
 

Weather Man

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I think with inflation going through the roof, we’re not gonna see prices fall too far if at all.

Labor is so short, that it hard to see how that will interplay with people being forced back into the labor market by cost of living. The grocery store is just freaking brutal.
 

Weather Man

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The soaring price of autos and specifically used autos have encouraged many consumers to extend the life of their autos. According to S&P Mobility, the average age of autos on the roads in the US has risen to 12.2 years as of 2022, a record. In 2002, the average age according to IHS Markit was 9.6 years.
 

Rb0891

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The soaring price of autos and specifically used autos have encouraged many consumers to extend the life of their autos. According to S&P Mobility, the average age of autos on the roads in the US has risen to 12.2 years as of 2022, a record. In 2002, the average age according to IHS Markit was 9.6 years.
Damn that is kind of crazy.
 

Crimson2v

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The soaring price of autos and specifically used autos have encouraged many consumers to extend the life of their autos. According to S&P Mobility, the average age of autos on the roads in the US has risen to 12.2 years as of 2022, a record. In 2002, the average age according to IHS Markit was 9.6 years.
Mine just hit 30 years old, hahaha. No more inspections for me!
 

13COBRA

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The soaring price of autos and specifically used autos have encouraged many consumers to extend the life of their autos. According to S&P Mobility, the average age of autos on the roads in the US has risen to 12.2 years as of 2022, a record. In 2002, the average age according to IHS Markit was 9.6 years.

That's a garbage statement. LOL


1995: 8.4 years
1996: 8.5 years
1997: 8.7 years
1998: 8.9 years
1999: 9.1 years
2000: 9.1 years
2001: 9.3 years
2002: 9.8 years
2003: 9.9 years
2004: 10.0 years
2005: 10.1 years
2006: 10.2 years
2007: 10.3 years
2008: 10.4 years
2009: 10.5 years
2010: 10.8 years
2011: 11.1 years
2012: 11.3 years
2013: 11.4 years
2014: 11.4 years
2015: 11.5 years
2016: 11.6 years
2017: 11.7 years
2018: 11.7 years
2019: 11.8 years
2020: 11.9 years
2021: 12.1 years
2022: 12.2 years






I'll go ahead and throw it out that in 2023 it'll be 12.3 years, 2024 will be 12.4 years.

 

Lambeau

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The soaring price of autos and specifically used autos have encouraged many consumers to extend the life of their autos. According to S&P Mobility, the average age of autos on the roads in the US has risen to 12.2 years as of 2022, a record. In 2002, the average age according to IHS Markit was 9.6 years.

I do not agree at all with that statement.
Cars manufactured 20+ years ago never had the reliability a car manufactured today.

I have a 2012 Escape with 130k miles. It runs as good today as it did 10 years ago. There is no reason to get rid of it.
 

Rb0891

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That's a garbage statement. LOL


1995: 8.4 years
1996: 8.5 years
1997: 8.7 years
1998: 8.9 years
1999: 9.1 years
2000: 9.1 years
2001: 9.3 years
2002: 9.8 years
2003: 9.9 years
2004: 10.0 years
2005: 10.1 years
2006: 10.2 years
2007: 10.3 years
2008: 10.4 years
2009: 10.5 years
2010: 10.8 years
2011: 11.1 years
2012: 11.3 years
2013: 11.4 years
2014: 11.4 years
2015: 11.5 years
2016: 11.6 years
2017: 11.7 years
2018: 11.7 years
2019: 11.8 years
2020: 11.9 years
2021: 12.1 years
2022: 12.2 years






I'll go ahead and throw it out that in 2023 it'll be 12.3 years, 2024 will be 12.4 years.

Had no idea. Figured it was going down over time. Wonder when forced EV adoption may start affecting this trend.
 

robvas

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I do not agree at all with that statement.
Cars manufactured 20+ years ago never had the reliability a car manufactured today.

I have a 2012 Escape with 130k miles. It runs as good today as it did 10 years ago. There is no reason to get rid of it.
I don't see many of those on the roads anymore
 

13COBRA

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I do not agree at all with that statement.
Cars manufactured 20+ years ago never had the reliability a car manufactured today.

I have a 2012 Escape with 130k miles. It runs as good today as it did 10 years ago. There is no reason to get rid of it.

Those puppies are bullet proof.
 

Tezz500

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Those puppies are bullet proof.
I was just telling my wife the other day and it pains me to say this... but Fords lack of a Focus sedan/hatch that gets 40 miles to the gallon is gonna force me to go get a VW Jetta when my 1L Ecoboost explodes...

Maybe they'll introduce something by the time it hits 200k.
 

Rb0891

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I was just telling my wife the other day and it pains me to say this... but Fords lack of a Focus sedan/hatch that gets 40 miles to the gallon is gonna force me to go get a VW Jetta when my 1L Ecoboost explodes...

Maybe they'll introduce something by the time it hits 200k.
Fusion active or whatever it is called
 

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