After a Decade of Decline, Vehicle Ownership on the Rise
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After a Decade of Decline, Vehicle Ownership on the Rise

According to a report by Michael Sivak of the University of Michigan, vehicle-ownership rates per person and per household are up, on average, 1.4 percent since 2012-2013.

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The rate of ownership of cars and light trucks peaked in 2006 and has been declining steadily ever since. But that trend might be reversing.

According to a report by Michael Sivak of the University of Michigan, vehicle-ownership rates per person and per household are up, on average, 1.4 percent since 2012-2013.

However, both rates are down 4.4 percent from their peak in 2006.

“Whether the recent increase in vehicle ownership represents the beginning of a new long-term trend, it is too early to tell,” said Sivak, a research professor at the University of Michigan Transportation Research Institute.

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Sivak said the vehicle ownership rate per person for 2015 is about the same as it was in 2000, while the rate per household for 2015 is about the same as it was in 1993.

In addition, the report looked at distance-driven rates per person and per household, both of which peaked in 2004. While the two rates for 2015 are down 7.8 percent from their peak, both have risen 2.1 percent since 2013, on average.

The rate per person for 2015 is about the same as it was in 1997, while the rate per household for 2015 is about the same as it was in 1994, according to Sivak.

Sivak’s ninth report used data from 1984 to 2015 from the Federal Highway Administration, ProQuest and the U.S. Census Bureau.

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