The new car market in the United States is still relatively unstable, which means fewer new vehicles hit the US roads every day. As a natural result of this trend, there are more and more older vehicles in operation and according to the latest analysis from S&P Global Mobility, the average age of cars in the country has reached a new record.
According to the available data, more than 284 million vehicles are currently in operation on US roads. Their average age is 12.5 years, which represents an increase in the average age by more than three months compared to 2022. This year also represents the sixth consecutive year of increase in the average vehicle age of the US fleet, according to S&P Global Mobility.
