Cars
Polk Study Says Median Age of U.S. Vehicles Reaches an All-Time High
According to a study published by global automotive market intelligence firm Polk, cars and trucks in the United States are aging - and at a pretty fast rate. The average age of cars and light trucks currently in operation the U.S. has increased to 10.8 years. Cars have recorded a relatively small surge in age, from an average of 11 years in 2010 to 11.1 years in 2011, while the median age of light trucks, pickups and SUVs rose from 10.1 to 10.4 years.
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Car Prices Hit Record Highs In The U.s., Average Transaction Up 7% From Last Year
The U.S. auto market is gaining momentum after the recession which led to the bankruptcy of the General Motors and Chrysler groups, but so are median car prices. According to TrueCar.com, the average transaction price for new light vehicles in the States...
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Polk Estimates Global Vehicle Sales To Reach 77.7 Million Units In 2012, And 96.3 Million In 2016
The analyst gurus at R. L. Polk & Co have issued a new forecast for global vehicle sales in 2012. The automotive market intelligence firm predicts that sales are expected to rise 6.7 percent over 2011 volumes to 77.7 million vehicles, thanks to the...
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Us Government Offers Concessions To Detroit Big 3's Trucks Models
According to a report from The Wall Street Journal, the US government is willing to allow carmakers to lower the Corporate Average Fuel Economy (CAFÉ) of their future trucks and SUVs at a slower rate than normal cars. In return, the Obama administration...
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Automakers Developing Significantly Lighter Trucks To Meet New Fuel Economy Standards
Reuters is reporting that major automakers are tirelessly working on reducing the weight of future generation pickup trucks, in order to meet stricter fuel economy standards without sacrificing key abilities, such as power, payload capacity or towing...
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New Study Predicts Global Vehicle Sales Will Drop 13% In 2009
Global light vehicle sales could fall as much as 13% to an estimated total of 56.8 million units in 2009, according to a study released by R. L. Polk & Co, a Michigan-based firm that collects and interprets automotive data. The report forecasts that...
Cars