Why the Average U.S. Vehicle Age Reaches Record High of 12.6 Years
Wednesday, 22 May 2024, 11:23
The average age of vehicles in the U.S. has hit a record high
Cars, trucks, and SUVs in the U.S. are getting older, with the average age reaching 12.6 years in 2024. This change is primarily attributed to the high prices of new models.
Reasons for the increasing vehicle age
- Expensive costs of newer vehicles
- Consumer preference for longer vehicle ownership
Both consumers and manufacturers are affected by this trend.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.