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Americans keeping cars longer
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Posted 22 February 2008 @ 04:09 pm HKT
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americans cars keeping longer
"A lot of consumers can't get out of a car even if they want to, when you consider the value and depreciation versus what you still owe," Meenan said. "We think that portends the need for these service contracts."
The Polk report was based on a survey of 240.9 million cars and light trucks.
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