Data relating to survival rates (the percent of vehicles on the road after specific periods of time) can offer interesting perspectives on the industry and the vehicle parc. On the surface, overall survival rates have increased in recent years as manufacturers place more emphasis on quality. At a more granular level however, the study of these survival rates offers insight into the types of vehicles that last longer and why that might happen.
In this month’s Observations, Dennis compares historical and current survival rates to answer questions relating to the types of vehicles that last longer and what it means for the industry. Topics of discussion include the survival rate by engine type, how segment characteristics play a role in a vehicle’s longevity, usage rates, and the potential impact on environmental policy.