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The average age of a passenger vehicle on the road hit a record 12.5 years this year, according to data gathered by S&P Global Mobility.
Average age of a passenger vehicle on the road hit a record 12.5 years in the U.S. this year
Average age of a passenger vehicle on the road hit a record 12.5 years in the U.S. this year
Average age of a passenger vehicle on the road hit a record 12.5 years in the U.S. this year
With the average new-vehicle price in the U.S. at nearly $48,000 and the cost of a used automobile averaging almost $29,000, many people are getting repairs done and keeping their vehicles longer