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Americans are keeping their cars longer than ever.

Since the pandemic struck three years ago, the average new vehicle has rocketed 24% to nearly $48,000 in April. Typical loan rates are now 7%.

Americans are keeping their cars longer than ever. The average age of a passenger vehicle on U.S. roads hit a record 12.5 years this year, according to data gathered by

Since the pandemic struck three years ago, the average new vehicle has rocketed 24% to nearly $48,000 as of April, according to Edmunds.com. Typical loan rates on new-car purchases have ballooned to 7%, a consequence of the Federal Reserve’s aggressive streak of interest rate hikes to fight inflation.

Americans are keeping their cars longer than ever.

The average age of a passenger vehicle on U.S. roads hit a record this year, according to data gathered by S&P Global Mobility.

With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least four more years. Limiting

ANN ARBOR, Mich. (AP) - Americans are keeping their cars longer than ever. The average age of a passenger vehi...

The average new vehicle price rockets 24% to nearly $48,000.

Americans are keeping their cars longer than ever.