Final 12 months was a record-breaking one for the U.S. Identical to the nation’s inhabitants is ageing, so too are its autos. In 2015, the typical age of cars on America’s roads set a report. The everyday car cruising down the freeway is 11.5 years old. Listed below are a number of causes an increasing number of individuals are selecting to search for pre-owned cars on the market in Anchorage, Alaska cars for sale by owner.

Reliability
Individuals are shopping for and driving used cars as a result of they’re dependable. Due to trendy engineering and requirements, cars are merely lasting longer. Regardless of individuals driving and proudly owning older autos, this hasn’t translated into fewer new car gross sales. It merely means individuals are selecting to maintain their old cars once they purchase new or their older fashions are being transferred to the used car market. Specialists anticipate the number of autos older than 12 years will improve by 15 p.c within the subsequent 5 years.

Worth
People are shopping for a number of new cars; they purchased greater than 17 million brand new cars in 2015. Most brand new cars are literally cheaper than they was when inflation is accounted for. Nonetheless, the typical buy value of a brand new car final 12 months topped $33,000, making a brand new set of wheels out-of-reach for a lot of potential consumers. So, whereas hundreds of individuals are shopping for new cars, hundreds extra are shopping for used autos. Shopping for used is a great purchase as a result of new cars depreciate so shortly (about 20 p.c) as soon as they’re pushed off the lot. When consumers select a used car, another person takes that preliminary depreciation hit—even when the car is just a 12 months old. Cars depreciate, however savvy used car consumers restrict the depreciation.

High quality
As a result of cars are lasting longer, used car consumers can count on the identical top quality in a used car as they do in a brand new one. Many used car sellers are providing distinctive warranties for pre-owned autos, and sellers themselves are providing licensed, pre-owed cars, or CPOs. These are autos {that a} vendor has fastidiously inspected and ensured meets a top quality customary. Within the first quarter of 2015, car consumers bought 614,400 licensed, pre-owned cars, or about 67 p.c extra CPOs within the first quarter of 2015 than they did within the first quarter of 2010.