Latest survey finds 50% cars lasting 13 years, drivers can get about 152K miles
In 1977, only 1/2 cars built lasted 10.5 years, expectation of 107K miles
Honda, Toyota have 22% fewer breakdowns than industry average, challenge to automakers
Consumers hanging onto cars longer, creates challenges for automakers/dealers
Today, people buying cars for same reason buying dishwashers, want them to last
Car dealers forced to accept "skinnier margins," says Mark Rikess, consultant
Longevity results in growing number of coffee bars, kiddie play rooms in service areas
Click Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=18459
Sourced From: Wall Street Journal, February 27, 2006
Get top dollar for your auto paper, buy here pay here auto notes.
Russell Crosby
615-414-6708
No comments:
Post a Comment