S2KI Honda S2000 Forums

S2KI Honda S2000 Forums (https://www.s2ki.com/forums/)
-   Car and Bike Talk (https://www.s2ki.com/forums/car-bike-talk-73/)
-   -   Average age of American cars hits 11 years old (https://www.s2ki.com/forums/car-bike-talk-73/average-age-american-cars-hits-11-years-old-1037469/)

Saki GT 08-08-2013 12:17 PM

Average age of American cars hits 11 years old
 
Per the Detroit Free Press:

http://www.freep.com/article/2013080...verag-age-polk

Spoiler
 
The average age of cars is hitting 11 years despite growing new car sales. Thoughts?

Personally, I'm driving a nine-year old car now because nothing new is worth trading up for, but the S is pretty special.

cdelena 08-08-2013 12:44 PM

Cars in the last decade are certainly better than previous generations so if you are tight on funds you keep driving it. Expanding sales are coming after low penetration since 2009 and an expanding population of drivers.

I had my last two family cars each last over ten years before reliability concerns pushed me into a new car. My S2000 is almost 14 years old and will continue as my car.

Just the marketplace realities if this period.

WolfpackS2k 08-08-2013 12:57 PM

Autoblog had a poll for that article, and over 50% of the readers that replied said their cars were either: 0-3 years old or 4-6 years old, haha.

sam_spider 08-08-2013 01:17 PM

My S is 8 years old, my other cars seem to get swapped out almost yearly.

8 years for the S is the longest I've owned any car, doesn't mean it's the best car I've owned or most reliable but I like keeping it around.

SlowTeg 08-08-2013 01:18 PM

Stagnant wages + inflation mean people will drive their cars longer. The price of used cars is at the point that I'm surprised so many people buy used vs. new. Perhaps it's due to them being unable to get financing? A 5 yr old honda civic that sold for ~$17k OTD new is selling for ~$12k+ these days. :scratch: Why anyone would buy a used one over a new one makes little sense to me. Buying a cheap/decent beater car can't really be found easily for a few thousand bucks like years ago.

I agree many 90's yr model cars were very well built (especially hondas), but the new vs. used argument strongly favors new IMO (not considering luxury cars).

FearlessFife 08-08-2013 01:37 PM

No surprise.

The wealthy is 2% of all people - so that leaves 98% as the rest - that is a LARGE percentage of people, with a ton of them not able to keep up with inflation and rising costs of new cars over the years.

Chris S 08-08-2013 01:50 PM

I usually prefer buying nicely cared for used cars, though I wouldn't hesitate to buy a new BRZ if the engine was more robust and if Subaru honored their warranty commitments. I've thought about selling my M3 at times, but it's hard to justify doing so when I think of what I could buy new for what it's worth. It's super reliable and trouble free, so none of the BMW stereotypes have applied so far.

TheDonEffect 08-08-2013 02:42 PM


Originally Posted by SlowTeg (Post 22714295)
Stagnant wages + inflation mean people will drive their cars longer. The price of used cars is at the point that I'm surprised so many people buy used vs. new. Perhaps it's due to them being unable to get financing? A 5 yr old honda civic that sold for ~$17k OTD new is selling for ~$12k+ these days. :scratch: Why anyone would buy a used one over a new one makes little sense to me. Buying a cheap/decent beater car can't really be found easily for a few thousand bucks like years ago.

I agree many 90's yr model cars were very well built (especially hondas), but the new vs. used argument strongly favors new IMO (not considering luxury cars).

I'm with you on that. Years ago, you could buy a car like a civic for less than half new and with like 50K on the odo, and in good condition. Back then, a couple year old car would depreciate a sizeable amount right off the lot. These days, like new cars sell for just a couple grand less than new. And the days where you could bargain hunt under 3000 are gone. I remember buying my 1990 240sx for 2500 back in 2002 or 3, that same car would be worth more. Like toyota tacomas or 4runners, no real point in buying them used anymore.
In any rate, just shows that people are pinching where they can, hey if they can save a few grand and toyotas run FOREVER right? 100K, save a few grand, deal! I remember looking for my gf's tC the second time around, if we didnt find the exact one for that price that day, we would've bought new.

SpudRacer 08-08-2013 04:00 PM

I'm not helping anytime soon. One of my cars, the R500 I specifically went looking for when Mercedes took the R-Class out of production. I wanted a loaded V8 example which meant 06/07 since the V8 was discontinued after that. I found a loaded 07 with very low mileage as a Mercedes CPO car. Bought it. Planning on keeping it for 10 years. It suits our needs perfectly. Much better than a truckish SUV. It only sees maybe 6,000 miles per year.

The SLK55 is another example of going for a certain model year. I wanted the McClaren pointy nose of the R171 generation. And I wanted the monster brake package with 6 piston fixed calipers up front and 4 piston fixed calipers in the rear with slotted, drilled, and ventilated rotors on all corners. That was only offered in 05/06. Hence I picked up a loaded 06 with 29,000 miles and love it. The folding hardtop and manumatic fit my needs perfectly once again. The car only sees about 8,000 miles per year. It's another 10 year car for me.

My wife's Infiniti G35x is an 08 that we bought new. It once again suits my wife really well and sees maybe 8,000 miles per year. We'll probably keep that for the long term as well.

For me, cars have become so good in terms of performance, reliability, and durability that new models don't really offer a lot of real world value. There's just not that much to entice me to buy a new car. It would likely be something subjective rather than any real qualitative difference that would get me to jump. And the latest generation of touch controls and voice command systems will not be that thing.

zdave87 08-08-2013 05:04 PM


Originally Posted by Saki GT (Post 22714166)
Per the Detroit Free Press:

http://www.freep.com/article/2013080...verag-age-polk

Spoiler
 
The average age of cars is hitting 11 years despite growing new car sales. Thoughts?

Personally, I'm driving a nine-year old car now because nothing new is worth trading up for, but the S is pretty special.

This. My car is an 07. It's paid for and no reason to upgrade or buy new

I'm happy.

s2kpdx01 08-08-2013 05:13 PM

new car purchases are pretty high right now too....so apparently everyone in america needs like 3-4 running cars.

TooSoon 08-08-2013 09:37 PM

my S is 9 years old, and is the youngest car ive ever owned so to speak. i just cant justify buying a 'new' car. as for the comment made about no cheap beaters, i havent paid more than 1000usd for any of the last 4 used cars ive purchased.

Chris S 08-08-2013 10:13 PM


Originally Posted by s2kpdx01 (Post 22714650)
new car purchases are pretty high right now too....so apparently everyone in america needs like 3-4 running cars.

I'm glad everyone else finally came to that realization!

jeffbrig 08-09-2013 05:16 AM


Originally Posted by WolfpackS2k (Post 22714244)
Autoblog had a poll for that article, and over 50% of the readers that replied said their cars were either: 0-3 years old or 4-6 years old, haha.

Are you surprised the an enthusiast community like autoblog might skew towards newer cars than the general public?

There's a strong argument to be made that cars are better than ever. The horsepower wars have pushed even run of the mill sedans towards 300hp territory. Quality is at an all time high. Practically anything made in the last decade has the capability to stay on the road for 150-200k miles if it receives basic maintenance.

My S2000 is perfectly average - 11 years old.

Presto123 08-09-2013 05:24 AM

My S is 11 years old and it will be my DD at least for another 4-5 years. Its paid for, rock solid at 127K miles, and still looks good to boot. Honestly I would like to keep it forever if possible.

WolfpackS2k 08-09-2013 06:08 AM


Originally Posted by jeffbrig (Post 22715217)

Originally Posted by WolfpackS2k' timestamp='1375995433' post='22714244
Autoblog had a poll for that article, and over 50% of the readers that replied said their cars were either: 0-3 years old or 4-6 years old, haha.

Are you surprised the an enthusiast community like autoblog might skew towards newer cars than the general public?

There's a strong argument to be made that cars are better than ever. The horsepower wars have pushed even run of the mill sedans towards 300hp territory. Quality is at an all time high. Practically anything made in the last decade has the capability to stay on the road for 150-200k miles if it receives basic maintenance.

My S2000 is perfectly average - 11 years old.


No that's the point, I found that really funny. :tipwink:

vader1 08-09-2013 06:18 AM

My only car right now is my 13 year old S2000 but I have a 2014 car on order.

Somebody else, maybe it was NYT, said that only 25% of Americans can afford to buy a new car. Since it now takes about $30,000 to buy a run of the mill family sedan that does not surprise me, I saw a Dodge Ram Pickup listed at over $50k with all the bells and whistles.

Cars also don't rust like they used to and just about anything will get 150,000 miles fairly trouble free. So I guess it does not surprise me but I think it is a huge reflection of the recent economy. You had a stretch where even people who could afford to get them were afraid their job could disappear so they did not go buy, an GM and the like have dropped the policy of anyone with a $5 an hour job who walks in the door and wants a new Grand Am leaves the lot with a new car and a sub-prime loan.

mosesbotbol 08-09-2013 12:24 PM

Very few cars are really built to be keepsake's and used car market has been very strong for the last decade. Seems bit at odds.

Mr.E.G. 08-09-2013 01:11 PM

My car is 10 years old. I can feasibly afford to buy any new car I want (within reason) but I just can't pull the trigger. I'm too cheap and my car still runs just fine. Some days I hope it blows up so I can not feel guilty about spending money on a new car.

WolfpackS2k 08-12-2013 07:36 AM


Originally Posted by vader1 (Post 22715342)
My only car right now is my 13 year old S2000 but I have a 2014 car on order.

Somebody else, maybe it was NYT, said that only 25% of Americans can afford to buy a new car. Since it now takes about $30,000 to buy a run of the mill family sedan that does not surprise me, I saw a Dodge Ram Pickup listed at over $50k with all the bells and whistles.

Cars also don't rust like they used to and just about anything will get 150,000 miles fairly trouble free. So I guess it does not surprise me but I think it is a huge reflection of the recent economy. You had a stretch where even people who could afford to get them were afraid their job could disappear so they did not go buy, an GM and the like have dropped the policy of anyone with a $5 an hour job who walks in the door and wants a new Grand Am leaves the lot with a new car and a sub-prime loan.

I don't believe that statement for a second. You can easily get a 4 cylinder Accord during the end of year sales clearances for $20k. For $30k you're talking about the people that insist on all the bells and whistles and "need" the V6, which they don't.

vader1 08-12-2013 09:39 AM


Originally Posted by WolfpackS2k (Post 22719762)

Originally Posted by vader1' timestamp='1376057889' post='22715342
My only car right now is my 13 year old S2000 but I have a 2014 car on order.

Somebody else, maybe it was NYT, said that only 25% of Americans can afford to buy a new car. Since it now takes about $30,000 to buy a run of the mill family sedan that does not surprise me, I saw a Dodge Ram Pickup listed at over $50k with all the bells and whistles.

Cars also don't rust like they used to and just about anything will get 150,000 miles fairly trouble free. So I guess it does not surprise me but I think it is a huge reflection of the recent economy. You had a stretch where even people who could afford to get them were afraid their job could disappear so they did not go buy, an GM and the like have dropped the policy of anyone with a $5 an hour job who walks in the door and wants a new Grand Am leaves the lot with a new car and a sub-prime loan.

I don't believe that statement for a second. You can easily get a 4 cylinder Accord during the end of year sales clearances for $20k. For $30k you're talking about the people that insist on all the bells and whistles and "need" the V6, which they don't.

Dude, of course you can get one for less. I am talking about the average price of new car these days and it crossed $31,000 last year. Sure you can get a 4 cylinder Accord at the "end of the year clearance", with no options on it. But look around the lots and see how many cars are equipped with keys and a heater and how many have a couple popular equipment packages. Equipped cars sell.

If you want the strippo, fine, I've have had a couple, but they do not sell in big numbers. But if you don't believe it for a second here is an article for you:

http://www.prnewswire.com/news-relea...201017601.html

Honda's AVERAGE transaction price is $27,000 and that includes averaging in every Fit and Civic they sell at much less than that. When I worked at a dealer back when the earth cooled, we ordered a few strippos every year for each model, and sold dozens if not hundreds of models that were heavy on options. Sunroofs, leather, automatics, fancy wheels, better stereos, heated seats, etc are not in the $20,000 model you are referring to.

Here is from the second paragraph of the article: "Manufacturers continue to benefit from consumers' insatiable appetite for highly contented new vehicles, as shown by average transaction prices exceeding $31,000 in March," said Jesse Toprak, senior analyst for TrueCar.

SlowTeg 08-13-2013 08:07 AM


Originally Posted by ZDMS2K (Post 22714921)
as for the comment made about no cheap beaters, i havent paid more than 1000usd for any of the last 4 used cars ive purchased.

You're either buying some real clunkers or you weren't paying market value, that's the reality. I have a 2000 honda civic VP (which is basically a DX), and its blue book value is $5k! That's freaking nuts imo. Why buy a 13yr old car with 110k miles on it which could have who knows what problems when you can get a brand new one for ~$17k OTD brand new? I do think used cars were a little undervalued especially back in ~06, but now you can't find a decent/cheap used car (at least compared to back in the day).

And yes, you can get cars for under market value, but that's hardly a fair comparison. I bought the civic for $2500 what 7 yrs ago and all it needed was a wheel bearing and tires. I was just lucky and got a steal.

deepbluejh 08-13-2013 08:11 AM

A new car is a luxury for most of the population and as money gets tighter, it's a luxury that more and more people are passing on.

deepbluejh 08-13-2013 08:13 AM


Originally Posted by SlowTeg (Post 22714295)
A 5 yr old honda civic that sold for ~$17k OTD new is selling for ~$12k+ these days. :scratch: Why anyone would buy a used one over a new one makes little sense to me. Buying a cheap/decent beater car can't really be found easily for a few thousand bucks like years ago.

Not real sure about that. I just bought a 6 year old Acura TL for $11k that listed for $38k new. How some run of the mill civic of the same age could be worth roughly the same is pretty mind-boggling.




SlowTeg 08-13-2013 08:25 AM


Originally Posted by deepbluejh (Post 22721877)
Not real sure about that. I just bought a 6 year old Acura TL for $11k that listed for $38k new. How some run of the mill civic of the same age could be worth roughly the same is pretty mind-boggling.

I'd guess your TL has relatively high miles for that price, what around 100k? TL's seem to not be worth as much (relatively) because of the worse gas mileage and requiring premium. Cheaper/reliable/good gas mileage cars like honda civics lose very little value used vs new these days, look for yourself. I agree it's kinda crazy, but it is what it is. Like I said, my old ass beater civic is worth than I'd be willing to pay for it these days.

Presto123 08-13-2013 11:52 AM

http://www.roadandtrack.com/features...t-cars-of-2002

Road & Track's best cars of 2002. The S2000 made the cut.

FurY 08-13-2013 12:49 PM


Originally Posted by Presto123 (Post 22722371)
http://www.roadandtrack.com/features...t-cars-of-2002

Road & Track's best cars of 2002. The S2000 made the cut.

:woot:

Not that it shouldn't be on the list, but we are all a bit biased here :D


All times are GMT -8. The time now is 08:29 AM.


© 2024 MH Sub I, LLC dba Internet Brands