In U.S., More Cars Thrown Away Than Sold
13.6 million car registrations were filed in the last 15 months, and 14.8 million were disposed of in that same period.
The "Cash for Clunkers" program is partly at fault, but others point to the economy.
Auto marketing company R.L. Polk reports that Americans are also keeping their vehicles longer.
According to Polk, factors behind the trend include 'the economy, limited financing and leasing options available in the market, extended warranties offered by OEMs, and improved vehicle durability and quality of vehicles.'"
Published on Thursday, April 8, 2010 in
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