X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The disruption in the pattern of between 16 and 17 million new vehicle sales that coincided with the recession created a break in the historic sales cycle that essentially led to a greater disparity within the vehicle fleet. With fewer new cars sold, the average age of vehicles increased, therefore leading to a historically older vehicle population. At the same time, new vehicle sales have ramped up, creating a modest surge in the number of new vehicles on the road. 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.