Tidbits #2

– According to Manheim, used vehicles depreciated 13.7 percent during the last 12 months, but midsize pickup trucks only depreciated 5.1 percent over the same time period

– The average age of a car in America is now a record 11.4 years, according to RL Polk

– Polk also predicts that there will be a 41% increase in one- to five-year-old used cars by 2018

– In the Boston area, including Manchester, NH, there were 760,534 used cars sold in 2012

– In the USA there were 14.6 million vehicles sold at wholesale auctions in 2012

– The age of trade-ins average 6.5 years

– The National Highway Traffic Safety Administration (NHTSA) updated itswww.safercar.govwebsite so you can now get up to date info on safety defect investigations, recalls and complaints. They also launched an app for iPhones with this info.

– An analysis of 50 years of crash data by the NHTSA found that younger women drivers (age 21-30) are 25.9 % more likely to die in a crash than males in the same age group. This report is full of interesting data, check it out athttp://www-nrd.nhtsa.dot.gov/Pubs/811766.pdf

– “Economists continue to be bullish on the North American auto industry, despite a slow-growing economy, forecasting record production and a surge in sales in the next few years” Automotive News

– Used car loans terms are up to 7 years with the majority of loans being written for 5 years.