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The average age of cars and light trucks rises to a record 10.8 years, research firm Polk says....
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Tuesday, January 17, 2012, 12:45 PM ETThe average age of cars and light trucks rises to a record 10.8 years, research firm Polk says. "The increasing age of the vehicle fleet, together with the increasing length of ownership, offers significant business growth opportunity for the automotive aftermarket."
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There are about 255 million passenger vehicles in the US. 12.8 million new ones represents a 5% replacement rate.