The average age of vehicles on U.S. roads has reached a record high of 12.6 years, indicating that people are holding on to cars longer than ever before retiring them. This project will investigate how vehicle attributes, age, cumulative mileage, and ownership and maintenance history affect consumers’ decisions to sell or retire vehicles. Understanding the […]
Determinants of Vehicle Holding Time and Scrappage Read More »
The composition of the U.S. vehicle fleet is changing rapidly in response to emerging technologies, evolving consumer preferences, and shifting prices. Larger vehicles are becoming increasingly popular, with SUVs and trucks representing nearly ¾ of new vehicle sales in 2024. At the same time, consumers are choosing more fuel-efficient vehicles to reduce their operating costs.
Understanding Household Vehicle Fleet Evolution Read More »
This project is driven by a pressing need to understand the rapidly evolving landscape of household vehicle dynamics amidst technological advancements and significant societal changes. It focuses on the growing urgency of climate change mitigation and adaptation, a push for equitable mobility for all, and the transition towards vehicle electrification. Aiming to fill the knowledge
Exploring the Changing Dynamics of Household Vehicle Ownership and Use in the U.S. Read More »
