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)
May 8, 2023
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May 15, 2023 1 a.m.
Repelled by high car prices, Americans are holding on to their vehicles longer than ever
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.