S&P Global Mobility reports aging trend continues as new vehicle sales remain under pressure. Number of passenger cars to hit lowest point since 1978. With more than 284 million vehicles in operation (VIO) on U.S. roads, the average age of cars and light trucks in the US has risen again this year to a new […]
Average Age of Vehicles in the US Increases to 12.2 years.
Average age of light vehicles at an all-time high in 2022 as the vehicle fleet climbed to 283M passenger cars and light trucks. The average age of light vehicles in operation (VIO) in the US rose to 12.2 years this year, increasing by nearly two months over the prior year, according to new research from […]