Cars, trucks and SUVs in the U.S. keep getting older, hitting a record average age of 12.6 years in 2024 as people hang on to their vehicles largely because new ones cost so much. S&P Global ...

Cars, trucks and SUVs in the U.S. keep getting older, hitting a record average age as people hang on to their vehicles.

The average age of cars and light trucks on the road today in the U.S. has hit a new record of 12.6 years in 2024 as new vehicle prices remain high, according to vehicle registration data tracked ...

Average US vehicle age hits a record high 12.6 years High prices mean people are holding onto their vehicles for longer Subscribers are entitled to 10 gift sharing articles each month.

Cars, trucks and SUVs in the U.S. keep getting older, hitting a record average age of 12.6 years in 2024 as people hang on to their vehicles largely because new ones cost so much.

DETROIT — Cars, trucks and SUVs in the U.S. keep getting older, hitting a record average age of 12.6 years in 2024 as people hang on to their vehicles largely because new ones cost so much.

Average US Vehicle Age Hits Record 12.6 Years as High Prices Force People to Keep Them Longer DETROIT (AP) — Cars, trucks and SUVs in the U.S. keep getting older, hitting a record average age of ...

But the growth in age is starting to slow as new vehicle sales recover from pandemic-related shortages of parts, including computer chips.

The growth in average age is starting to slow as new vehicle sales start to recover from pandemic-related shortages of parts, including computer chips. The average increased by three months in 2023.