While new car sales may be stronger than they have been in nearly a decade, most American motorists are riding around in vehicles that are older than ever.
The typical vehicle on U.S. roads is now 11.5 years old, according to a study by IHS Automotive, an all-time high. And that means that millions of those vehicles have now been in operation for more than two decades.
“As long as we have tracked average age, it has gradually risen over time due to the increasing quality of automobiles,” said Mark Seng, global aftermarket practice leader at IHS Automotive. (more…)