Americans Are Holding On to Their Cars Longer Than Ever – NBC Bay Area
Americans are keeping their cars longer than ever.
Source: nbcbayarea.com
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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 S&P Global Mobility.
Repair shops say they’re seeing more vehicles with 300,000 miles as families try to avoid the high cost of buying a newer one.
The average new vehicle price rockets 24% to nearly $48,000.
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 his ca