Current New Vehicle Market

Weather Man

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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.


The point being that fewer new cars have been sold, extremely true the last 2 years. The average age will accelerate and the demand for new will be resistant to decline.
 

13COBRA

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The point being that fewer new cars have been sold, extremely true the last 2 years. The average age will accelerate and the demand for new will be resistant to decline.

How can you follow up with that statement, after being given historical data over the past near 30 years showing the exact increase YOY?
 

Weather Man

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How can you follow up with that statement, after being given historical data over the past near 30 years showing the exact increase YOY?

Because the data, people keeping cars longer, greatly decreased new sales during and after the great recession and covid, support it.
 

13COBRA

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Because the data, people keeping cars longer, greatly decreased new sales during and after the great recession and covid, support it.

What about the previous 20 years before that?

It would be the same as me saying "Under Biden's presidency people keep their cars longer than ever before!"
 
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Weather Man

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What about the previous 20 years before that?

It would be the same as me saying "Under Biden's presidency people keep their cars longer than ever before!"

The trend since the Great Recession is clear, that is a relevant time span for current life in America.
 

Tezz500

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The trend since the Great Recession is clear, that is a relevant time span for current life in America.

We’re all car people but wouldn’t it stand to reason that people keep their cars longer because they manufactures are making cars that are more reliable?

Most people I know that really can’t afford a new car every few years just buy a new car when the one they have starts giving them problems…
 

Tezz500

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People are keeping their cars longer ever since Harambe died. It's proven.

Image1668209511.596050.jpg
 

Weather Man

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We’re all car people but wouldn’t it stand to reason that people keep their cars longer because they manufactures are making cars that are more reliable?

Most people I know that really can’t afford a new car every few years just buy a new car when the one they have starts giving them problems…

I think they kept them because they had to.
 

BlueSnake01

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We’re all car people but wouldn’t it stand to reason that people keep their cars longer because they manufactures are making cars that are more reliable?

Most people I know that really can’t afford a new car every few years just buy a new car when the one they have starts giving them problems…
Im a lil iffy about that considering cars have a bunch of electronics nowadays.

I feel like cars from 15-20 years ago are still running strong today with min/normal maintenance. IMO, today's car's in the same time span wouldn't especially turbo car's since the turbo itself would be the one of the first things to go out in the 100-150k mile range.

I trust NA engines more for the long haul vs turbo (especially DI one's) engines. Diesel turbos are a different story.
 

Fastback

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We’re all car people but wouldn’t it stand to reason that people keep their cars longer because they manufactures are making cars that are more reliable?

Most people I know that really can’t afford a new car every few years just buy a new car when the one they have starts giving them problems…
For me it's preference really. I like the tech and ease of maintenance from 20 years ago. Newer tech just makes problems. I've never owned a car with any assists except ABS/Trac Control. It would irk me if the car starts slowing, or changing direction. Cyl de-activation no thanks.
 

SHOdown220

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Local dodge dealer is advertising almost 10k off some new Rams. I realize that probably includes rebates you can’t possibly qualify for every one of them, but still a big difference from the markup we are used to seeing.
 

Weather Man

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Local GMC lot is over half full. Local Ford lot has over 20 new F-150. Inventory on all the new brands in St Cloud clearly the best it's been.
 

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