The average age of a vehicle in the U.S. has gradually risen to 11.5 years, partially due to the increasing quality of vehicles, but also because of the recession, according to a recent IHS automotive study. This turns out not to be a benchmark for the rest of the world. Carmudi.com, the easiest means to sell or buy your car online, analyzed hundreds of thousands of vehicle listings in the last quarter to determine the average age of vehicles in Carmudi regions. The results varied wildly. The average age of a vehicle listed in the Middle East is 5.1 years, 6.5 years in Asia, and a staggering 12.8 in Africa.
With the decline of the economy in Africa, particularly in Nigeria, African motorists will continue to be reluctant when it comes to replacing their vehicles. In Nigeria, one of Africa’s leading economies, average vehicles stand at 10.6 years. The classifieds site reports that the average age of vehicles listed in Congo was 16.5 years.
When looking towards the Middle East where gas is less expensive and GDP per capita is higher, motorists are replacing their vehicles incredibly often. Carmudi reports that the average age of vehicles listed in Saudi Arabia was 3.8 years and 5.2 years in the UAE.
When it comes to purchasing new cars, intent is strongest in Asia. Carmudi.com predicts that within the next two years, with the growing Asian economy, the average age of vehicles listed on the car classifieds site will increase to 6.7 years, slightly above the current 6.5 years. Bangladesh, one of the poorest countries in the Southeast Asia, topped the list for oldest cars on roads in Asia, with an average vehicle age of 7.8 years.
With today’s cars being built with higher quality and to last longer, the average age of vehicles is likely to show gradual increase. Nevertheless, with older vehicles on the majority of roads, car maintenance and regular car checks will play a greater role than ever before.
“Unlike other countries, superfluous import duty compels potential car buyers to focus on getting used cars, whiles car owners also continue to stick with their old vehicles for a rather long period. This culminates in the average age of vehicles in Ghana to be relatively high”, said Kobina Amoo, Managing Director of Carmudi Ghana.
Carmudi was founded in 2013 and is currently available in Bangladesh, Cameroon, Congo, Ghana, Indonesia, Ivory Coast, Mexico, Myanmar, Nigeria, Pakistan, Philippines, Qatar, Rwanda, Saudi Arabia, Senegal, Sri Lanka, Tanzania, United Arab Emirates, Vietnam, and Zambia. The vehicle marketplace offers buyers, sellers and car dealers the ideal platform to find cars, motorcycles and commercial vehicles online.
Africa Internet Group introduces and accelerates the online shift in Africa – for its people and its culture. It is committed to running successful and vibrant internet companies which boost the evolution of African online culture. AIG is the parent group of nine successful and fast-growing companies in more than 30 African countries, accounting for over 3,500 staff. AIG cares about entrepreneurship and brings together all the key elements required to build great companies: team, concept, technology and capital. Its network of companies includes JUMIA, Kaymu, Hellofood, Lamudi, Carmudi, Zando, Jovago, Lendico and Easy Taxi.