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Average age of US vehicles well over 12 years amid high car prices

Posted on AllSides May 23rd, 2024
From The Center

When it comes to vehicles, drivers are holding on to their keys. A new study finds the high prices of newer models are keeping people out of the dealerships. The data from S&P Global Mobility, a company that monitors vehicle registration data, are a combined average of the age of cars and light trucks in the U.S., equating to about 12.6 years. That's an increase of two months from the average of last year, as consumers continue to grapple with inflation and not being sold on electric vehicles despite a...

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https://gazette.com/news/wex/average-age-of-us-vehicles-well-over-12-years-amid-high-car-prices/article_f712df14-f0e6-5a4c-ac47-c8d9e2bc1d4a.html

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