Inventory Shortages, Higher Prices Have Americans Keeping Their Vehicles Longer

cost of automobiles, trucks

The average age of vehicles on U.S. highways increased in 2021, reaching a record of 12.2 years, as Americans faced with high car prices and slim pickings on dealer lots kept their vehicles longer. According to new data released Monday by research firm S&P Global Mobility, the average vehicle age in the United States increased… Continue reading Inventory Shortages, Higher Prices Have Americans Keeping Their Vehicles Longer