|
- 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.