intro

Aging Population of America’s Cars

Cars in America are aging as the average age holds steady at over 10 years old.

The combined average age of all light vehicles on the road in the U.S. was 11.4 years as of Jan. 1, same as the year before, says IHS Automotive and its Polk subsidiary. That’s still at the highest levels since Polk started tracking it.

For another year, that’s a record level — and now trucks have hit the same level as cars.

“In our history of tracking, we have seen a gradual increase in the average age of vehicles on the road,” says Mark Seng, director of aftermarket solutions at IHS Automotive, in a statement. “This year, we’re seeing somewhat of a plateau in the market, and expect it to remain over the next few years.”

New cars aren’t bringing the average age down in the fleet, because older cars simply last longer.

Read the full article here.

Comments are closed.