Average U.S. 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, 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 Mobility, which tracks state vehicle registration data nationwide, said Wednesday that the average vehicle age grew about two months from last year's record.

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Story by The Associated Press
May 22, 2024