How old is your car?

Earlier this week, I found myself in awe and depression stopped at a red light on Hempstead Turnpike very near Hofstra.  I noticed that to the left and right of me were brand new trucks, dragsters and racing cars. This made me question, how many people like myself still have a junker trying to make it last until the parts literally fall off. Many Americans are purchasing brand new cars for a variety of reasons such as trying to keep up with new safety and automotive regulations. With new financing and leasing options, I wanted to find out generally how old are cars on the road and if there was a trend, what type of cars people are buying today.  So I created a survey asking the year and model of what Americans are driving now.

Percentage of cars by year

After completing the survey, I noticed a trend that a large number of people are buying cars within the 1998-2003 year range and are making those cars last for as long as possible. Only a few people said they own cars younger than 2 years. One aspect of the survey that needs to be considered is that a majority of the drivers surveyed are nineteen to twenty years old. Generally, they are provided cars by their parents who will purchase something within their own budgets. Many of these cars are driven by college students who may live two hours or more away from their hometown. An extremely old car, 10-12 years old, is  going to have more problems driving it two hours each way to and from their destination so it would make sense that they would need a newer car to be able to make such a trip.

Ultimately, I was surprised at how much more my car seems to be the last remaining from the dinosaur age. As mentioned before, with the new financing and leasing options, many Americans, and parents of students in particular, are willing to pay a little bit more and spend more time in debt if it means their car, or their child’s car, will last them that much longer.

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