From USA Today:
The cars and trucks in America’s driveways have reached a record old age, but there are signs that people are growing confident enough in the economy to want a whiff of that new-car scent.
That’s up from 10.6 years in 2010, and it and continues a trend that dates to 1995, when the average age of a car was 8.4 years, according to the Polk research firm, which studied state vehicle registrations.
Polk said the average age of a car in the U.S. last year was 11.1 years, while the average truck was 10.4 years old.
But Polk Vice President Mark Seng says a rebound in sales last year and expected growth the next couple of years is likely to slow the aging trend. Polk has not predicted if or when the age will start to drop, but Seng doesn’t see that happening for two or three years, if not longer.
“It’s going to take the good economy several years of very high sales again, and people being willing to let go of those older vehicles that they’ve been holding onto,” Seng said.
Our cars and trucks are aging because Obama, Pelosi and Reid have wrecked the economy and we cannot afford to go out and buy new cars.
Cars have always been one of the symbols of the American dream and American freedom. We can go out on the road, any place we want, anytime we want.
If Obama had his way, we would all be buying crappy electric cars, which will only go 50 miles or so before they have to be recharged. That process will take quite a while.
America needs a stimulus to get us going. Newt Gingrich has suggested crashing the price of oil as a tool to bring Iran to its knees, but crashing the price of oil so that the price of gas drops to a dollar a gallon or less will be the kind of stimulus that will get America going again and get Americans buying new cars again.
As we look at our aging cars, trying to figure out how to keep them going for another year, we do need to remember the truism about economics. A recession is when your neighbor loses his job. A depression is when you lose yours.
A recovery is when Obama loses his.
Let’s help him!!! – Kasey Jachim
- Our cars are getting older, too: Average age now 10.8 years (usatoday.com)
- New at Reason: A. Barton Hinkle on Obama’s Great Depression (reason.com)
- Allen West: GOP Must Stop Obama’s ‘Imperial Presidency’ (lettingfreedomring.com)
- A draft: The Enormous Implications to the 99 Percent of the $26 trillion in Federal Reserve Loans. How Much Did Obama Know About the $26 Trillion the Federal Reserve Handed Out? (johnhively.wordpress.com)