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SVTPerformance's Chain of Restaurants
Road Side Pub
Dodge Challenger SRT Demon
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<blockquote data-quote="Corbic" data-source="post: 15582632" data-attributes="member: 171475"><p>The nice thing about this is cars are lasting longer and holder of their value better over all.</p><p></p><p>20 years ago a car was lucky to last 5 years before being sent to the scrap yard. Today the average car on the road is 11 years old, the oldest they've ever been.</p><p></p><p>So while more people are financing out 84 month loans, more are also buying older cars or hanging on to them. </p><p></p><p>A good example, in 2000 I bought my first car. A low mileage, one owner 1993 Ford Escort LX with all the options for $3k. Today that is $4,315 with inflation.</p><p></p><p>A 7 year old (2010) Ford Focus is a $6-8k car today, twice as much as my then comparable Escort.</p><p></p><p>Markers are in a bind, with an expectation to increase content, quality and performance while meeting stricter regulations and controlling costs...</p></blockquote><p></p>
[QUOTE="Corbic, post: 15582632, member: 171475"] The nice thing about this is cars are lasting longer and holder of their value better over all. 20 years ago a car was lucky to last 5 years before being sent to the scrap yard. Today the average car on the road is 11 years old, the oldest they've ever been. So while more people are financing out 84 month loans, more are also buying older cars or hanging on to them. A good example, in 2000 I bought my first car. A low mileage, one owner 1993 Ford Escort LX with all the options for $3k. Today that is $4,315 with inflation. A 7 year old (2010) Ford Focus is a $6-8k car today, twice as much as my then comparable Escort. Markers are in a bind, with an expectation to increase content, quality and performance while meeting stricter regulations and controlling costs... [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Dodge Challenger SRT Demon
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