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

During the COVID-19 pandemic, the price of new vehicles soared causing fewer people to buy them. Now the average age of vehicles on the road in the U.S. has reached a record high.

The average age of a passenger vehicle on the road hit a record 12.5 years this year, according to data gathered by S&P Global Mobility.

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 ...

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 of 12.6 years in 2024 as people hang on to their vehicles largely because new ones cost so much.

Business Fixing instead of replacing: Average age of vehicles on US roads hits record high Subscribers are entitled to 10 gift sharing articles each month.

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 ...

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.