The Average American Car is 11 Years Old

Now, this really surprised me. I had no idea that the average vehicle in America is around 11.4 years old--that just seems very high to me.

What this translates into is a country that isn't buying new cars and a country that is driving vehicles that aren't as safe as cars made within the last few years. Things like airbags and other safety features in vehicles wear out; vehicles that have a lot of body damage that never gets repaired are also more common these days.

More importantly, newer cars are more likely to be more fuel efficient; we're burning less fuel now but would could be consuming even less than that.

The people who sell tires and auto parts and perform life-extending vehicle maintenance must be loving things right now. But car dealers trying to sell newer models? Probably not.