Experian Automotive’s latest Vehicles in Operation (VIO) study re-enforces this trend. According to the study, the number of vehicles seven years or older rose nearly 2-percent the first quarter of this year compared to the same timeframe in 2011. That’s slightly over 17 million vehicles, with the average age of these vehicles around 11 years.
Other interesting points from the study include:
- More than 245 million vehicles are crisscrossing U.S. roads.
- U.S. automaker Ford has the most older vehicles on the road (17.2 percent) with the venerable F-150 pickup truck the most numerous model at 3.4 percent. General Motors’ Chevrolet brand is second, followed by Japanese automakers Toyota and Honda Motors.
- No shock: Both the Honda Accord and Toyota Camry are the second most numerous models still plying American roads at 2.6 percent each.
- Hybrid and electric cars like the Toyota Prius, Nissan Leaf, and the Chevy Volt don’t even make a percent, combined, in Experian’s VIO study.
Automotive.com’s take: We see these numbers increasing as car owners continue to cling to their current vehicles, while so-called “Generation Y” disregards the car in favor of their iPhones, iPads, and social media.