Average US vehicle age hits record 12.6 years as high prices force people to keep them longer

Average age of vehicles operating in the US hits record high of 12.6 years

For cars alone, the average age is 14 years old. Ten years ago, it wasn't even 12, S&P Global Mobility data shows.

Average age of US cars, trucks hits new record amid high prices for new vehicles

The average age of cars and light trucks on the road today in the United States has hit a new record of 12.6 years in 2024 as new vehicle prices remain high, according to vehicle registration data tracked by S&P Global Mobility. The company says that’s an increase of two months since the end of 2023. The average selling price of a new vehicle in the U.S. last month was around $45,000, The Associated Press is reporting, citing data from J.D. Powe…

Americans keep vehicles for record 12.6 years on average despite easing supplies, S&P says

Automobile owners in the United States are holding on to their vehicles longer, according to a new study, even as major supply disruptions caused by the COVID pandemic ease and availability at dealerships rise.

Americans keep vehicles for record 12.6 years on average despite easing supplies, S&P says

SAN FRANCISCO (Reuters) – Automobile owners in the United States are holding on to their vehicles longer, according to a new study, even as major supply disruptions caused by the COVID pandemic ease and availability at dealerships rise. The average age of U.S. cars and light trucks this year rose to a record 12.6 years, according to the report by S&P Global Mobility on Wednesday, up by two months from 2023. Though the rise in the average age…

Average US vehicle age hits record 12.6 years as high prices force people to keep them longer

Cars, trucks and SUVs in the U.S. keep getting older

Average U.S. vehicle age hits record 12.6 years old

S&P Global Mobility, which tracks state vehicle registration data nationwide, says the average vehicle age grew about two months from last year's record.