Want to relive the 1990s? Just hit the road
You'd think the number of really old vehicles on the road would come down given all that "pent-up demand" that has been released in the past couple of years.
Not so, according to Experian, the credit score tracker. Indeed, Experian's latest Automotive Market Trends analysis says the percentage of vehicles more than 15 years old has reached its highest level since 2009.
Vehicles from the 2000 model year or earlier made up 28 percent of all cars and trucks on the road in the first quarter of 2014. That's up from 22 percent in the first quarter of 2009 -- for vehicles from the 1995 model year or earlier.
"Auto companies have been seeing the benefits from consumers coming back to market due to pent-up demand following the recession," said Melinda Zabritski, Experian's senior director of automotive credit. "However, it's clear that more and more consumers continue to drive older-model vehicles. Getting the most out of the vehicle they purchase still appears to be top of mind for consumers."