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With high car prices, Americans are holding on to their vehicles

The average new vehicle has rocketed 24% to nearly $48,000 as of April. Used vehicle prices, on average, have surged to nearly $29,000.

Still fixing up your clunker of a car instead of replacing it? You re not alone

Faced with deciding between making a jumbo payment and keeping their existing vehicles, more owners are choosing to stick with what they have, even if it means spending more on repairs and maintenance.

Mon 9:46 a m : Fixing instead of replacing: Average age of vehicles on US roads hits a record high | News, Sports, Jobs

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

ANN ARBOR, Mich. (AP) With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least four more years. Limiting his car payments and his overall debt is a bigger priority for him than having a new vehicle.

Americans are holding on to their vehicles longer than ever Blame higher prices

Faced with deciding between making a jumbo payment and keeping their existing vehicles, more owners are choosing to stick with what they have, even if it means spending more on repairs and maintenance.

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