IHS: 84 Million Older Cars Will Still Be on the Road in Three Years

An article from 24/7 Wall St. reported that, based on research from IHS Markit, people who drive older cars now will continue to drive them in the next few years. IHS predicts that, from 2018 to 2023, there will be an increase of 22% in the number of 16-year-old cars on the road. This means, in three years, 84 million older cars will still be driven, compared to 35 million in 2002. Rather than driving around an older car, call Gershow Recycling to sell it.

The article goes on to say that the average age of a vehicle on the road is eleven years old. Rather than keeping a clunker, let Gershow buy your junk car from you. Gershow buys any car, regardless of its age or condition. Plus, if the car is more than eight years old, Gershow does not require a title.

One of the reasons people will hold onto their cars, 24/7 Wall St. said, is the lack of finances caused by the coronavirus pandemic; as businesses closed down, many people found themselves out of work. As a result, they didn’t have the money for a new car. If you need money now, call Gershow and sell your junk car immediately. They will tow away your car and pay you on the spot.

The danger in continuing to drive these older cars is that it does not come with the safety features that can be found in today’s vehicles. A previous blog pointed out that drivers of older vehicles have a higher chance of being killed in a crash than those who drive a late-model car. Don’t drive around in an unsafe vehicle! Sell your older car to Gershow and use the money as a down payment on a newer, safer vehicle.

If you want the best Long Island junk cars for cash buyer, look no further than Gershow. Call (631) 371-2031 or visit https://clunkersintocash.com/.

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