According to the vehicle population report released today by R. L. Polk & Co., the median age of passenger cars in operation increased to 9.2 years in 2006, a record high.
For trucks, the median age increased slightly from 6.8 years in 2005 to 6.9 years in 2006. Specifically, light truck median age increased by 3.0 percent to 6.8 years, the largest increase across the major vehicle categories. Polk's vehicle population report data is updated annually on July 1, following an in-depth analysis of more than 230 million vehicle
The percentage of total passenger cars and trucks scrapped in 2006 was 5.0 percent, a near historic low. The passenger car scrappage rate was 4.9 percent in 2006. For all trucks the scrappage rate was 5.1 percent and light truck scrappage was 5.2 percent.
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