New cars are getting progressively expensive. But they're besides much durable than before, which means drivers person a amended accidental of getting their money's worth.
As the mean transaction terms for caller cars reached an estimated $45,872 in November — the highest connected record, according to a associated forecast from J.D. Power and LMC Automotive — the mean property of cars connected the roadworthy besides deed an all-time precocious of 12.2 years successful 2022, a abstracted study by IHS Markit found.
The mean property had been conscionable implicit 11 years a decennary ago. In 2002, it was 9.6 years.
Advancements successful everything from materials to exertion person helped, according to Will Kaufman, quality exertion astatine Edmunds, "and it doesn't wounded that today's vehicles person amended ways to alert owners erstwhile determination are attraction issues."
10 cars with the top imaginable lifespan
Among the models with the top imaginable lifespan, Toyota Sequoia topped the list, with the quality to question astir 300,000 miles, followed by the Land Cruiser, according to a caller iSeeCars study, which analyzed much than 2 cardinal cars implicit the past 20 years to spot which vehicles could past the longest.
Overall, SUVs and trucks are the astir communal conveyance types to fertile successful the apical 10, portion much fuel-efficient rider cars, including the Prius and Avalon, earned 2 spots connected the list.
"Shoppers really, truly worth reliability, and automakers are decidedly delicate to however large an interaction a estimation for reliability — oregon unreliability — tin person connected their brand," Kaufman said.
Six of the apical 10 were Toyota SUVs, trucks oregon cars. Other contenders successful the apical 5 see the Chevrolet Suburban and GMC Yukon, some three-row SUVs.
Every car and motortruck connected the database tin scope astir a quarter-million miles or more, the study found.
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As a wide regularisation of thumb, astir drivers see the 200,000-mile people the precocious bounds of a car's lifespan, though immoderate models intelligibly person the imaginable to question overmuch farther.
A constricted proviso of caller cars and trucks owed to the ongoing spot shortage has pushed consumers to usage their existing vehicles for longer, according to IHS Markit, which tracks conveyance registrations successful each state.
At the aforesaid time, millions of radical who antecedently commuted to their jobs enactment less miles connected their cars portion they worked from home, further extending the beingness of their vehicles.