Auto sales in the US could rise 20% in 2010 due to pent up demand and stronger credit markets, according to a respected automotive research group.  

Deliveries will climb to 12.4 million from 10.3 million in 2008, the Ann Arbor, Michigan-based Center for Automotive Research (CAR) said today. U.S. sales were 13.2 million last year, after averaging 16.8 million this decade through 2007.

The average car on the road today is 10.5 years old.  At some point it just makes sense to trade for a new or newer used car, rather than face ever increasing maintenance costs. 

Source:  Bloomberg

Center for Automotive Research

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