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Americans holding on to their cars: High prices prevent new purchases

Americans holding on to their cars: High prices prevent new purchases
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Americans are holding on to their vehicles longer than ever

The average age of a passenger vehicle on U.S. roads hit a record 12.5 years this year, according to data gathered by S&P Global Mobility.

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Why Americans are holding on to their vehicles longer than ever

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…

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