This is good news. They do not deserve to have our money
High-Mileage Cars: Is 200,000 the new normal?
In the 1960s and 1970s, many automobile odometers did not even read beyond 99,999 miles. Hit 100,000, and the odometer turned back to zero. But now, thanks to tougher quality standards and post-recession financial concerns, Americans are driving their cars longer than ever before and high-mileage cars are the rule, not the exception. Is 200,000 miles the new 100,000 miles?
Consider Porsche salesman Mark Webber. While selling new sports cars every day for a living, Webber still drives his 1990 Volvo to work, despite having more than 300,000 miles on the car. “I just can’t see the point of spending a lot of money driving a newer, racier car every day in city traffic when my old Volvo just wants to keep on going,” Webber told the New York Times.
Webber has plenty of company. While Americans once prided themselves on driving the latest and greatest car, a shift in spending habits following the recession has more Americans than ever before working to extend the life of their cars. A recent survey by the automotive research firm R.L. Polk & Co found that the typical car buyer keeps a new vehicle for 71.4 months, an increase of nearly 18 months since 2006.
http://blog.allstate.com/high-mileage-cars-200000-is-the-new-100000/#.UKuXZYXgJT4
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