Here:
What’s surprising right now is that while auto sales are predictably sluggish, they could be a heck of a lot worse. Auto analysts tell me that’s because the average car on the road is so old – close to nine years. Many owners have no choice but to replace their vehicles. But they’re clearly taking their time and many are waiting for just the right time, and the right sale.
Wrong Neil.
You don't go from 11.4 years to 9 years in less than a year.
If we had done so, we'd be in an economic boom right now instead of GDP in the toilet at -1.0%.
