Almost exactly half of the used motor vehicles registered in state last year were more than 10 years old, according to the Sacramento-based California New Car Dealers Association.
The CNCDA’s 2017 report said 49.6 percent of 3.73 million used-car registrations recorded last year were for the decade-old-plus vehicles, up from 48.6 percent in 2016.
The 3.73 million registrations represented a 1.2 percent year-over-year increase from 3.69 million used cars registered in 2016. By comparison, new-vehicle registrations in California declined 2 percent year-over-year: from about 2.09 million in 2016 to around 2.05 million last year.
Auto industry analysts have cited the number of older vehicles on the road as one of the drivers of the post-recession new-car-sales boom in California. Since a low of 1.04 million new-vehicle registrations in the state in 2009, pent-up consumer demand has pushed annual new-vehicle sales upward, topping 2 million units for three consecutive years. CNCDA has projected 2018 new-car registrations to again top 2 million.
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Among used vehicles 6 years old or newer registered in California last year, Toyota led the statewide market share at 14.8 percent. Ford was second at 10.8 percent. Toyota also led new-vehicle market share statewide, at 17.2 percent, last year.
The CNCDA report said the Honda Civic passenger car led registrations of used vehicles 6 years old or newer in 2017; the Civic also led new-vehicle sales with 94,525 registrations statewide last year.