Average age of U.S. vehicles hits record 10.8 years
World BusinessJan 18, 2012
DETROIT (AP) ― That clunker in America’s driveway has reached a record old age, but there are signs that people may be growing confident enough in the economy to get a whiff of that fresh new car scent very soon. The average age of a car or truck in the U.S. hit a record 10.8 years last year as job security and other economic worries kept many people from making big-ticket purchases such as a new car. That’s up from the old record of 10.6 years in 2010, and it and continues a trend that dates to