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Thread: Americans keeping vehicles longer since start of recession

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    Default Americans keeping vehicles longer since start of recession

    Americans are keeping their vehicles longer despite an uptick in the average family income, according to federal data.
    Uptick in income? My husband's truck is 10 years old and my car is 9 years old and neither of us have plans for even a newer vehicle at this time.

    The share of newer vehicles, or those less than 5 years old, dropped from 22 percent to 15 percent during that timeframe, while the proportion of older autos, or those manufactured at least 11 years ago, jumped from 34 percent to 42 percent.

    The numbers, which come from the agency’s Consumer Expenditure Survey, suggest Americans started holding onto vehicles longer after the start of the recession but have not reversed that trend since their incomes started to rebound.
    Federal Data: Americans keeping vehicles longer since start of recession

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    Default Re: Americans keeping vehicles longer since start of recession

    I got you beat. My pickup is 11 and the wife's car is 12.

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    Default Re: Americans keeping vehicles longer since start of recession

    I've got a 2004 F-150 super crew . While getting my truck serviced at the dealership I looked at a 2014 equipped like mine . It had a window sticker of $53,000 ! Who can afford that?

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    Default Re: Americans keeping vehicles longer since start of recession

    2004 explorer and a 2007 Malibu Maxx.. We put on Less than 6000 miles between the two of them ... I ain't getting nothing new in this lifetime.. Unless of course I win the lottery..

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    Default Re: Americans keeping vehicles longer since start of recession

    I like new cars. I don't like fixing old cars.
    With that in mind, I usually keep mine 8 to 10 years.
    My next new car will be my last however. I don't put enough miles on a car now.
    My wife however drives a long distance to work so her car gets a workout.
    She will get another new car early next year to replace what I call an unreliable GM product.
    We are thankful we can afford those new cars now.
    Later on, who knows.
    capmac48 likes this.

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    Default Re: Americans keeping vehicles longer since start of recession

    I'm happy with my 06 F250 Crew Cab 6.0 Diesel,145K and built Ford Tough,plus here in the Southland Diesel is still cheaper than Gas,paid 4.03 a gallon yesterday vs 4.30 for Unleaded.
    fxstc07 likes this.

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    Default Re: Americans keeping vehicles longer since start of recession

    Quote Originally Posted by capmac48 View Post
    I'm happy with my 06 F250 Crew Cab 6.0 Diesel,145K and built Ford Tough,plus here in the Southland Diesel is still cheaper than Gas,paid 4.03 a gallon yesterday vs 4.30 for Unleaded.
    The difference in fuel prices are amazing.
    Here in New Jersey, my local gas price is $3.39, regular. Diesel around $3.60.
    I shopped diesel cars, but came to the conclusion the extra cost of the diesel option, plus higher fuel costs, would never achieve any savings.

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    Default Re: Americans keeping vehicles longer since start of recession

    Quote Originally Posted by fxstc07 View Post
    The difference in fuel prices are amazing.
    Here in New Jersey, my local gas price is $3.39, regular. Diesel around $3.60.
    I shopped diesel cars, but came to the conclusion the extra cost of the diesel option, plus higher fuel costs, would never achieve any savings.
    Here you can drive 50 miles east and the fuel prices start going down,it's blatant price fixing by Big Oil but what can you do,have to agree with you Diesel Cars aren't for everyone and there is a premium attached to them,cost me around $200 for an oil change and that's doing it myself,so if you don't need the power for pulling as I do then much better options available.
    Last edited by capmac48; 05-12-2014 at 11:23 AM.

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    Default Re: Americans keeping vehicles longer since start of recession

    Quote Originally Posted by capmac48 View Post
    Here you can drive 50 miles east and the fuel prices start going down,it's blatant price fixing by Big Oil but what can you do,have to agree with you Diesel Cars aren't for everyone and there is a premium attached to them,cost me around $200 for an oil change and that's doing it myself,so if your don't need the power for pulling as I do then much better options available.
    I agree.
    If you need the pulling power and utility of a truck, it is there.
    Cars today offer excellent fuel mileage.
    If you only need a vehicle for transportation, then a fuel efficient car is best.

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    Default Re: Americans keeping vehicles longer since start of recession

    Quote Originally Posted by fxstc07 View Post
    I agree.
    If you need the pulling power and utility of a truck, it is there.
    Cars today offer excellent fuel mileage.
    If you only need a vehicle for transportation, then a fuel efficient car is best.
    I was looking at the new Dodge but the wimpy V6 isn't going to cut it for pulling,plus would never buy the first year as they normally have way too many problems,recalls.


    Ram EcoDiesel - Fuel Economy, Power & Efficiency - Ram Trucks

 

 
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