Car owners keeping cars longer as quality continues to rise
According to the Canadian branch of R.L. Polk, an automotive market and research firm, the number of vehicles 10 or more years old on the road continues to rise.R.L. Polk notes that registration of such older vehicles rose by 510,000 vehicles since 2000 to reach 6.8 million vehiclesin 2005. Another firm, DesRosiers Automotive Consultants, believes there will be 7 million older vehicles by 2010. Dennis DesRosiers, founder of the firm, attributes the riseto the higher quality of today’s vehicles. Moving from carbon to galvanized steel, for example, drastically cuts down corrosion. Interestingly, consumer tastes from cars to trucks helped contribute to the greater longevity. Thebrands with vehicles with the greatest longevity included BMW, Honda, Mercedes-Benz, Saturn, and Toyota. (Pictured is a 2000 Saturn SL2.) Via Toronto Star
From commute time on the road dropping (yeah, right) to hi-tech “cars” for the ultra-rich to Hertz’s new...