The average age of U.S. light vehicles rose to 12.8 years, an increase of two months for the second consecutive year, according to new analysis from S&P Global Mobility. Vehicle registrations surpassed 16 million in 2024 for the first time since 2019, but it was not enough to offset the growing volume of aged vehicles […]
Average Age of Vehicles in the U.S. Hits Record 12.6 years in 2024
Vehicles on the road are getting even older, according to S&P Global Mobility. The average age of cars and light trucks in the U.S. has risen again to a new record of 12.6 years in 2024, up by two months over 2023, according to new analysis. Increase in average age is showing signs of slowing […]
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 […]
Average Age of Cars and Light Trucks in the U.S. Rises to 12.1 years
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 […]
Average Age of Cars and Light Trucks in the U.S. Near 12 Years
New research from IHS Markit (NYSE:INFO) shows that the average age of light vehicles in operation (VIO) in the US has risen to 11.9 years this year, about one month older than in 2019. Though slight, the increase can generate new business opportunities for companies operating in the aftermarket and vehicle servicing sector in the […]
Average Light Vehicle Age Rises in U.S. to 11.8 Years
The average age of light vehicles in operation (VIO) in the U.S. has risen again this year to 11.8 years, according to new research from business information provider IHS Markit (NASDAQ: INFO). This acceleration of average age can easily be seen when looking across the last 17 years. From 2002-2007, the average age of light […]
IHS Markit Reports Average Age of Light Cars and Trucks in U.S. Rises Again in 2016 to 11.6 Years
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 […]