Posted on 8/13/2023
More and more of us are hanging on to our vehicles longer. A company by the name of HIS Markit recently released a report that shows the average age of light vehicles in the U.S. is now 11.8 years. Light vehicles are cars, SUVs (sport utility vehicles) and CUVs (compact utility vehicles). In Canada, the average life expectancy of a vehicle there is around 13 years, and in the U.S., it's around 15. Vehicles are lasting longer these days, and there are several reasons for that. One expert cites better technology and overall quality improvements. While in past years, vehicles were made mainly of heavier steel components, more modern vehicles contain lighter magnesium and aluminum alloys, high-strength steel, polymers and carbon fiber. They last longer and reduce the overall vehicle weight, and that can contribute to better fuel economy. Modern internal combustion engine designs have been improved, and since they use more computers, they are more efficie ... read more