Average car age hits record of 10.8 years
The average age of a car or truck in the U.S. hit a record 10.8 years in 2011 as eco- nomic worries kept many people from making big-ticket purchases such as a new car. That's up from the old record of 10.6 years in 2010, and it and continues a trend that dates to 1995, when the aver- age age of a car was 8.4 years, according to a study of state vehicle-registration data by the Southfield, Mich.-based Polk automotive research firm. However, the company predicts that a rebound in sales last year and expected growth for the next couple of years is likely to slow the growth rate in the age of cars as a whole.
— The Associated Press
Coming to America: more auto jobs
Carmakers from around the globe plan to add thousands of U.S. auto jobs this year as sales continue to rebound and manufacturers look to produce more cars in the U.S. to sidestep currency woes overseas. Mercedes-Benz and BMW plan to add a total of about 1,500 jobs at plants in the carolinas this year. Domestic auto- makers Ford and chrysler both say they will add hundreds of factory workers at plants in Michigan, Kentucky and illinois. electric carmakers Tesla and coda plan to ramp up employment in california. And Japanese automakers are adding workers as they shift more production to the U.S. in a bid to avoid losing profit due to the soaring value of the yen.
— Los Angeles Times