The average transaction price for a new vehicle in the United States hit an all-time high of $47,077 in December, according to Kelley Blue Book. The increase in car prices is largely due to disruption in the global supply chain for auto parts, especially computer chips. But even without this pandemic-related disruption, new vehicle prices tend to rise over time for a variety of reasons.
Dealerships have few cars even on their used car lots. The shortage has made its way even further into the industry.
Rising prices and increased durability led to older cars on the road. The average age of a vehicle in the United States rose to 12.1 years last year from 9.6 years in 2002, according to IHS Markit. Today, more vehicles than ever last up to 200,000 miles and beyond, surpassing the 100,000 mile mark that not so long ago was considered the maximum you could get from a typical car.
A recent analysis of more than 14.9 million cars sold in 2021 by online car sales and information provider iSeeCars identified the models with the highest share of vehicles exceeding 200,000 miles.
To find the most durable car on the road, 24/7, Wall St. looked at iSeeCars analysis. Cars are ranked by the percentage of vehicles reaching 200,000 miles. Prices shown are based on the entry-level manufacturer’s suggested retail price, rounded to the nearest $1,000, for a 2022 model year vehicle, as reported by Car and Driver magazine.
Toyota makes eight of the 15 most durable cars, and only two sedans – the Toyota Avalon and the Toyota Prius – made the list. Seven of the 15 most durable vehicles are full-size SUVs, while one is a midsize SUV and one is a crossover – a popular small SUV that’s typically built on a sedan platform. Two of the vehicles on the list are minivans and two are pickup trucks.
The most durable car on the road is the Toyota Land Cruiser. Here are the details:
> Percent. cars over 200,000 miles: 18.2%
The $87,000 Land Cruiser has by far the highest entry-level price of any vehicle on this list, but with that extra cash, buyers can get a big SUV that handles well off-road with a luxury interior. acceptable (if not industry leading). . Like other vehicles in its class, its fuel economy is dismal at just 14 miles per gallon.
Click here to read the most durable cars on the road