The average age of cars and light trucks on the road is now double what it was in 1970.
The average age of cars and light trucks (SUVs included), says Experian, is now 11 years -- double the age in 1970. Driving this: higher quality and, lately, a poor economy.
Plus, as auto historian John Heitmann notes, buyer frenzy about new tech and dramatic model changes isn't at the car lot anymore; it's at the Apple Store.
Keeping your car? Regular oil changes are a no-brainer, but most people neglect to replace the timing belt every 60,000 miles or so, says Russ Evans of the Under the Hood radio show. Skipping that $800 to $950 job can lead to major engine failure.
Fixing it? A broken transmission or a blown head gasket can cost thousands to mend; your cash may be better spent renting a car while you shop for a new ride, says Autoblog's Jeff Sabatini. Steer clear of repairs costlier than your car's trade-in value.
Selling it? Because of high demand, late-model cars can get a surprisingly good price from a dealer these days.
Even clunkers, though, will move on sites such as Craigslist. A $200 wash and detail could make you $500 or more in return, says Richard Arca of Edmunds.com: "Clean junk brings in more than dirty junk."
|Chrysler relents, agrees to recall 2.7 million Jeeps|
|Google files First Amendment court case against NSA surveillance secrecy|
|Immigration bill could cut deficits by $175 billion - CBO|
|China's fastest-growing cities for millionaires|
|It's official: Jack Lew's new signature|