Vehicles Lasting Longer

Header image Dennis DesRosiersBy Dennis DesRosiers

(RICHMOND HILL, ON) – Advancements in technology greatly influence how a vehicle operates, is produced, and how long it can last. With the push for quality in recent decades, from vehicle and parts companies, vehicles are lasting longer than they ever have.

In the year 2000 only 33.7 per cent of vehicles survived 15 years of ownership, while 54.0 per cent survive the same period of ownership today.

In this month’s Observations we discuss survival rates: the comparison between the number of vehicles initially sold to the ones still on the road today. With help from the registration database at iHS Automotive and our own records we discuss how these longer lasting vehicles are changing the landscape of the automotive industry.

Topics of discussion include changes to the aftermarket, changes to financing, and changes to consumer behaviour, amongst others.

DAC offers regular coverage and discussion of topics related to new vehicle sales, vehicle ownership trends and other topics of relevance to Canadian automotive sector participants in our DesRosiers Automotive Reports and AutoWatch newsletters.

Contact Lori Gamoff at 905-881-0400 x18 for pricing and subscription information.

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About the Author

Ian Shalapata
Ian Shalapata is the owner and publisher of Square Media Group. He covers politics, the police beat, community events, the arts, sports, and everything in between. His imagery and freelance contributions have appeared in select publications and for organizations in Canada and the United States. Contact Ian with story ideas.
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