Executive Automotive Analyst
NADA Used Car Guide
Vehicle durability has seen substantial improvements over the past 20 years, which has eased concerns about the long-term viability of used vehicles and has given aging used vehicles stronger value. J.D. Power and Associates’ annual U.S. Vehicle Dependability Study data shows vehicle dependability has improved by nearly 50% in the last decade. The gap in quality across brands has narrowed dramatically in the J.D. Power studies. Another improvement has been improvements in engine, braking and suspension systems over the past decade.
Increasing Odometer Mileage More Evidence of Improving Durability:
Compact and midsize cars 10 years in age increased from 126K miles in 2004 to 133K in 2014.
Used Vehicles Playing a More Prominent Role at Franchised Dealerships:
Dealers had been focusing on trade-ins at wholesale, and durability has helped them expand pricing and marketing.
Improved Quality and Durability Make Late-Model Used More Attractive to Consumers:
Autotrader CPO study reports 33% of new car shoppers would consider purchasing used, up from 26% in 2012.