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Instead of buying new cars, Americans are holding onto their old ones due to increased prices, and simply cars are lasting longer. The average age of a U.S. vehicle on the roads is now a record 12.5 years, according to data gathered by S&P Global Mobility.
ANN ARBOR, Mich. (AP) — With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least
During the COVID-19 pandemic, the price of new vehicles soared causing fewer people to buy them. Now the average age of vehicles on the road in the U.S. has reached a record high.
Breaking News, Sports, Manitoba, Canada
ANN ARBOR, Mich. (AP) — With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at leas