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WYPR Features
The Morning Economic Report

Aging Vehicles

By Anirban Basu
Published June 19, 2017 at 1:00 PM EDT

According to an IHS Markit study, the average age of vehicles on American roads is now a record 11.6 years.  There are many reasons for this, including the higher quality of new vehicles. As pointed out by an analyst at Kelley Blue Book, many people are "basically driving around in a rotary phone close."

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The Morning Economic Report WYPR FeaturesThe Morning Economic Report
Anirban Basu
Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.
See stories by Anirban Basu