{"id":15777,"date":"2012-02-21T19:11:19","date_gmt":"2012-02-21T19:11:19","guid":{"rendered":"http:\/\/www.drishtikone.com\/?p=15777"},"modified":"2012-02-21T19:11:19","modified_gmt":"2012-02-21T19:11:19","slug":"americans-holding-onto-their-cars-longer-now","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/drishtikone\/2012\/02\/americans-holding-onto-their-cars-longer-now\/","title":{"rendered":"Americans Holding onto their cars longer now"},"content":{"rendered":"\n<\/head>

Impact of a bad economy and job market is seen everywhere. \u00a0Americans are keeping their vehicles longer and postponing their buying. \u00a0Which means that new car sales will be impacted in the coming months.<\/p>\n

Americans are holding onto their new vehicles for about six years \u2014 27 percent longer than before the recession \u2014 due to the weak economy and better durability of cars and trucks, a study by market analyst Polk found.The findings show the longest average ownership of new cars and trucks since Polk began its study in 2001 by analyzing U.S. vehicle registrations.<\/p>\n

The Polk study showed that the average length of ownership of new vehicles in the third quarter of 2011 was 71.4 months, up from 66.7 months in the first quarter. Before the downturn in auto sales that began in the third quarter of 2008, owners of new vehicles kept them for about 56 months.<\/p>\n

Source<\/a><\/p><\/blockquote>\n

If such actions are limited to the individual consumers that is still fine, but my worry is that this \u201cpostponing of important \/ critical expense\u201d is going to impact critical infrastructure in US as well. \u00a0Specifically, in the current election year. \u00a0That, could be fatal at times \u2013 as we saw in case of levies in Louisiana during Katrina.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

Impact of a bad economy and job market is seen everywhere. \u00a0Americans are keeping their vehicles longer and postponing their buying. \u00a0Which means that new car sales will be impacted in the coming months. Americans are holding onto their new vehicles for about six years \u2014 27 percent longer than before the recession \u2014 due […]<\/p>\n","protected":false},"author":1517,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47,79],"tags":[],"class_list":["post-15777","post","type-post","status-publish","format-standard","hentry","category-news","category-us"],"yoast_head":"\nAmericans Holding onto their cars longer now<\/title>\n<meta name=\"description\" content=\"Impact of a bad economy and job market is seen everywhere. \u00a0Americans are keeping their vehicles longer and postponing their buying. \u00a0Which means that new\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2012\/02\/americans-holding-onto-their-cars-longer-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Americans Holding onto their cars longer now\" \/>\n<meta property=\"og:description\" content=\"Impact of a bad economy and job market is seen everywhere. \u00a0Americans are keeping their vehicles longer and postponing their buying. \u00a0Which means that new\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2012\/02\/americans-holding-onto-their-cars-longer-now\/\" \/>\n<meta property=\"og:site_name\" content=\"Drishtikone\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-21T19:11:19+00:00\" \/>\n<meta name=\"author\" content=\"Desh Kapoor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Desh Kapoor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2012\/02\/americans-holding-onto-their-cars-longer-now\/\",\"url\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2012\/02\/americans-holding-onto-their-cars-longer-now\/\",\"name\":\"Americans Holding onto their cars longer now\",\"isPartOf\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/#website\"},\"datePublished\":\"2012-02-21T19:11:19+00:00\",\"dateModified\":\"2012-02-21T19:11:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/#\/schema\/person\/e24bcebf9da3425dd595b71543245311\"},\"description\":\"Impact of a bad economy and job market is seen everywhere. \u00a0Americans are keeping their vehicles longer and postponing their buying. \u00a0Which means that new\",\"breadcrumb\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2012\/02\/americans-holding-onto-their-cars-longer-now\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2012\/02\/americans-holding-onto-their-cars-longer-now\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/2012\/02\/americans-holding-onto-their-cars-longer-now\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Americans Holding onto their cars longer now\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/#website\",\"url\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/\",\"name\":\"Drishtikone\",\"description\":\"Perspective on Life and World from Hindu and Indian standpoints\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/#\/schema\/person\/e24bcebf9da3425dd595b71543245311\",\"name\":\"Desh Kapoor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/drishtikone\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3cc132f0b1d11236e6dc28b12e598a23?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3cc132f0b1d11236e6dc28b12e598a23?s=96&d=mm&r=g\",\"caption\":\"Desh Kapoor\"},\"description\":\"Making sense of the world via the perspective of Dharma and Hinduism. 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