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You are here: Home / News / Average Age of Cars and Light Trucks in the U.S. Rises to 12.1 years

Average Age of Cars and Light Trucks in the U.S. Rises to 12.1 years

June 14, 2021 By CollisionWeek Editor

Pandemic accelerated age of vehicles. Vehicles in operation declines.

New research from IHS Markit (NYSE:INFO) shows that the average age of light vehicles in operation (VIO) in the U.S. has risen to 12.1 years this year, increasing by nearly 2 months during 2020 and elevated by the COVID-19 pandemic. The increase in average age will further drive vehicle maintenance opportunities from an increasingly aged vehicle fleet.

US Light Vehicle Average Age, 2021 (Source: IHS Markit)

COVID-19 and its impact across the U.S. caused a drastic reduction in new vehicle sales as well as a sudden increase in vehicle scrappage, which was a catalyst for increased velocity in the growth

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Filed Under: News Tagged With: IHS Markit, Vehicle Age, Vehicles in Operation

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