January 19, 2005
In U.S., median age of cars increases but age of trucks falls
Southfield, Michigan – R. L. Polk & Co. reports that the median age of U.S. cars increased to 8.9 years, a record high. However, for trucks, the median age fell to 6.6 years, due mainly to a record 9.8 million new trucks registered in 2004, with 9.3 million of those being light trucks.
“Since vehicles are lasting longer, and new light truck registrations remain around nine million per year, we will see a noticeable change in the proportion of cars versus light trucks in the near future,” said Marty Miller, product manager for Polk.
Throughout 2004, passenger cars comprised 59 percent of the vehicles in operation and light trucks accounted for 41 percent. Polk projects that by 2009, the percentage of cars will decrease to 54 percent, while light trucks will increase to 46 percent of vehicles in use.