Average Vehicle Age Hits Record High

Top news right now: American roads are facing an unprecedented crisis as the average age of cars and light-duty trucks reaches a staggering 12.5 years. This alarming milestone comes amidst supply chain chaos and soaring inflation, causing a significant toll on households. According to a report by S&P Global, the average vehicle age has seen a six-year consecutive increase, the largest since the 2008 recession. The popularity of light-duty trucks is causing a decline in the number of passenger vehicles below 100 million for the first time in decades. The aftermarket repair sector is set to benefit, with a projected increase of 10 million cars between six and 14 years old. Dive deeper into this story, tap the link in our bio.

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