Americans are hanging on to their cars and trucks longer, pushing the average age of vehicles on the road to the highest level in nearly 20 years even before the coronavirus hit, according to new data from IHS Markit Ltd .
FILE PHOTO: The 10/110 freeway interchange is seen in Los Angeles, California, July 16, 2011. REUTERS/Eric Thayer
That is not good for emissions or safety, but it could give a lift to companies that manufacture and sell repair parts. “We definitely expect to eclipse the 12-year barrier,” he said. People working from home could put fewer miles on vehicles, allowing them to last longer, he said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gamers' Top 20 Favorite Music GenresMusical genre may be the biggest predictor of success when it comes to a gaming collaboration, and a Nielsen Music/MRC Data index shows that rap and metal rule.
Weiterlesen »
TV Rewind: Why Dead Like Me Deserves to Live On, Nearly 20 Years After Its DeathFor this week's TV Rewind, LacyMB resurrects DeadLikeMe, an early Bryan Fuller series that may be gone but never forgotten:
Weiterlesen »
20 Things On Etsy You May Want To Buy For Your YardGive your backyard the makeover it deserves.
Weiterlesen »
'Shark Tank' investor Kevin O'Leary: '20% of my small private portfolio' of companies will fail'They have to die, because the consumer is moving into a different direction,' Kevin O'Leary told CNBC.
Weiterlesen »
Oprah's O Mag Ending Regular Print Editions After 20 YearsThe brand, which is among the most recognizable magazines in the U.S., is not going away but will become more “more digitally-centric,' a magazine spokeswoman said.
Weiterlesen »