Repelled by high car prices, Americans are holding on to their vehicles longer than ever
Mechanic Jon Guthrie inspects the underside of a 2014 Honda Ridgeline pickup truck at Japanese Auto Professional Service in Ann Arbor, Michigan. People are keeping their vehicles longer due to shortages of new ones and high prices. That drove the average U.S. vehicle age up to a record 12.5 years in 2023, according to S&P Global Mobility. (AP Photo/Tom Krisher)
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 four more years...
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