R. L. Polk & Co. Reports U.S. Motor Vehicle Longevity Increases in 2006 - aftermarketNews

R. L. Polk & Co. Reports U.S. Motor Vehicle Longevity Increases in 2006

According to the vehicle population report released last week by R. L. Polk & Co., the median age of passenger cars in operation increased to 9.2 years in 2006, a record high. For trucks, the median age increased slightly from 6.8 years in 2005 to 6.9 years in 2006. Specifically, light truck median age increased by 3 percent to 6.8 years, the largest increase across the major vehicle categories. Polk's vehicle population report data is updated annually in July, following an in-depth analysis of more than 230 million vehicles.

SOUTHFIELD, MI — According to the vehicle population report released last week by R. L. Polk & Co., the median age of passenger cars in operation increased to 9.2 years in 2006, a record high.

For trucks, the median age increased slightly from 6.8 years in 2005 to 6.9 years in 2006. Specifically, light truck median age increased by 3 percent to 6.8 years, the largest increase across the major vehicle categories. Polk’s vehicle population report data is updated annually in July, following an in-depth analysis of more than 230 million vehicles.

"The median age of trucks continues to be lower than cars, due in part to the increased variety of light trucks and SUVs available in the market over the last five years," said Mike Gingell, vice president of Polk’s Aftermarket team. "However, the increase in median age for light trucks in 2006 suggests light truck owners are driving their vehicles longer before

considering or switching to a car. We anticipate light trucks to continue making up a larger percentage of the vehicle population."

The percentage of total passenger cars and trucks scrapped in 2006 was 5 percent, a near historic low. The passenger car scrappage rate was 4.9 percent in 2006. For all trucks the scrappage rate was 5.1 percent and light truck scrappage was 5.2 percent.

"Despite the increase in the scrappage rate for 2006, the percentage of light vehicles in use that were 11 years of age and older increased one percentage point over last year to a new all-time high, representing 35.8 percent of the light vehicle population," said Dave Goebel, a consultant for Polk’s Aftermarket Solutions. "This is more evidence that vehicle engineering and durability continues to improve with each new model year."

For more information about Polk, visit: http://www.polk.com.

You May Also Like

AAM’s Next-Gen Electric Drive Systems on Display at CES

Among the products showcased at CES will be AAM’s electric drive units, e-Beam technology and component technology.

AAM's Next Gen Electric Drive Systems on Display at CES 2024

American Axle & Manufacturing announced it will have its technology on display at the 2024 Consumer Electronics Show, Jan. 9-12, 2024, in Las Vegas.

"CES is the premier event to showcase the full breadth and depth of our innovative solutions and tell our story to a broad range of partners," said David C. Dauch, AAM chairman and chief executive officer. "AAM continues to support a rapidly changing global auto industry by expanding our electrification platforms for any type of vehicle. This includes performance sedans, SUVs, light- and heavy-duty trucks and skateboards, empowering OEMs to create cleaner and more efficient vehicles."

Shop-Ware Partners with Amazing 7 on Phone Integration

The integration allows repair shop staff members to gain valuable context to incoming phone calls and respond to customers accordingly.

Shop-Ware-Amazing-7-phone-integration
Continental, Synopsys Team Up on Automotive Software Development

The collaboration aims to accelerate the development and validation of software features and applications for the Software-Defined Vehicle.

Epicor Unveils Digital Cataloging, Future Plans

The new catalogs use Epicor-validated, ACES-compliant data and an “Intelligent Search” feature to find the right part quickly.

Epicor digital catalog
Epicor Launches Automotive B2B eCommerce Platform

The Epicor Commerce for Automotive platform features multi-seller support and parts lookups for distributors and their customers.

Epicor commerce for Automotive

Other Posts

Marelli Launches Fuel System for Hydrogen Propulsion Systems

Marelli will present a variety of new technology at the CTI Symposium in Germany, Dec. 5-6.

The Automotive Aftermarket’s Role in a Circular Economy 

Take a deep dive into the factors driving the automotive aftermarket toward a more circular economy.

Circular economy
AI in the Aftermarket: Endless Applications Yet Hurdles Remain

The automotive aftermarket is delving into AI and ways it can help businesses be more productive and effective.

Intellias to Showcase HMI, ADAS and More at CES 2024

The company also will unveil the next generation of its IntelliKit, a portable fully-integrated digital cockpit.