From CNBC.com
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Mechanic Harrison Garcia works on a Ford Mustang at Brake and
Wheel Service Center in San Francisco, California.
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That's an increase of just over 2
months compared the first quarter of last year.
What's behind the increase? Part
of it is because the recession and sluggish recovery
forced many people to put off buying or trading-in for a new or used car.
Another factor is the fact cars and trucks are built to run longer. That quality
improvement picked up momentum in the early '90s. Now, many of those cars and
trucks are 13 to 22 years old, and yes there are millions of them still on the
road.
In fact, Experian says more than
52 million cars and trucks in America are 16 years or older. (Related:
What models will become
collectibles?)
Ford Runs
Strong
In its analysis of vehicle
registrations, Experian found more Ford
Motor
[F 10.01 --- UNCH (0)
]
models on the road than other model. That shouldn't come as a surprise since
the Ford F-Series truck has been the best-selling vehicle in the U.S. for 30
straight years. According to Experian Automotive, here the top 4 brands of
vehicles in operation in the U.S.:
Ford: 17.2%
Chevrolet: 15.8%
Toyota: 10.4%
Honda: 7.3%
Chevrolet: 15.8%
Toyota: 10.4%
Honda: 7.3%
The four most popular models on
the road in the U.S., according to Experian Automotive, are:
Ford F-150: 3.4%
Honda Accord: 2.6%
Toyota Camry: 2.6%
Chevy Silverado: 2.0%
Honda Accord: 2.6%
Toyota Camry: 2.6%
Chevy Silverado: 2.0%
One final note: For all the
attention that's been given to hybrid and electric vehicles over the last
decade, they are just 0.9 percent of the vehicles in operation in the U.S. That
works out to a little over 2 million alternatively powered vehicles.
—By CNBC’s Phil
LeBeau