Go Ahead

  • Nearly one million new licensed drivers will be on the road each year for the next ten years.

  • Sixty percent of U.S. households have two or more cars, three times the number of households with more than one car in 1960.

  • The average new-vehicle transaction price last year was $21,924; average used-car transaction, $11,609.

  • Demand for nearly new used vehicles (two to four years old) is up to 12 times more than the supply, depending on the segment--such as sport utility vehicles.

  • The median age of cars in the United States is 7.7 years, the oldest level recorded in more than 40 years by the Polk Co.'s annual vehicle census.

Sources: Credit Union National Association; National Automobile Dealers Association;
Urban Decision Systems; CNW Marketing Research.

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