return2ozma@lemmy.world to News@lemmy.world · 1 year agoAmericans Are Falling Behind on Their Car Paymentswww.fool.comexternal-linkmessage-square203fedilinkarrow-up1337arrow-down119
arrow-up1318arrow-down1external-linkAmericans Are Falling Behind on Their Car Paymentswww.fool.comreturn2ozma@lemmy.world to News@lemmy.world · 1 year agomessage-square203fedilink
minus-squareSCB@lemmy.worldlinkfedilinkarrow-up6·edit-21 year agoI have no idea why I found this so interesting, but here are some car facts: average vehicle age in the US is 12 years (but I believe this counts commercial vehicles, which would skew the number) 40 million used cars were sold in 2021-22 new us cars sales are steadily dropping, a trend started before the pandemic, and are hanging out around 12-14MM per year most new sales are trucks https://autoleap.com/blog/how-many-cars-are-sold-in-the-us-each-year/ https://www.marklines.com/en/statistics/flash_sales/automotive-sales-in-usa-by-month-2022
I have no idea why I found this so interesting, but here are some car facts:
average vehicle age in the US is 12 years (but I believe this counts commercial vehicles, which would skew the number)
40 million used cars were sold in 2021-22
new us cars sales are steadily dropping, a trend started before the pandemic, and are hanging out around 12-14MM per year
most new sales are trucks
https://autoleap.com/blog/how-many-cars-are-sold-in-the-us-each-year/
https://www.marklines.com/en/statistics/flash_sales/automotive-sales-in-usa-by-month-2022