Americans Buying Fewer New Cars in Lifetime
By Phil LeBeau, CNBC Correspondent
NEW YORK (CNBC) -- Chalk another one up for the recession and how it has altered life in America. New analysis by the automotive research firm Polk shows Americans can now expect to buy fewer new cars during their lifetime.
On average we'll buy almost four fewer new cars by the time each of us hits 76 years old, the age when Polk believes most people are done buying new vehicles.
"The days when you bought a vehicle for 4 or 5 years are likely over," said Anthony Pratt, Polk Director of Forecasting.How much have things changed since before the recession? Here is Pratt's analysis.
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