Also reports record number of vehicles in operation.
The average age of light vehicles in operation (VIO) in the U.S. has once again climbed slightly this year, to 11.6 years, according to industry experts at IHS Markit (NASDAQ:INFO), a provider of business information and analysis for the global automotive industry.
Registrations for light VIO, including cars and light trucks (SUVs/CUVs as well) in the U.S. also reached a record level of more than 264 million — an increase of more than 6.2 million (2.4 percent) since last year. This represents the highest annual increase the auto industry has seen in
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