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Repelled by high car prices, Americans are holding on to their vehicles longer than ever

Repelled by high car prices, Americans are holding on to their vehicles longer than ever
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Average age of vehicles on US roads hits record high

Repelled by high car prices, Americans are holding on to their vehicles longer than ever - 41NBC News

Repelled by high car prices, Americans are holding on to their vehicles longer than ever from 41NBC News | WMGT-DT

US cars are being fixed and kept longer due to high prices

Instead of buying new cars, Americans are holding onto their old ones due to increased prices, and simply cars are lasting longer. The average age of a U.S. vehicle on the roads is now a record 12.5 years, according to data gathered by S&P Global Mobility.

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