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https://www.wsj.com/articles/the-average-age-of-vehicles-on-u-s-roadways-hits-a-record-12-2-years-11653303602

The Average Age of Vehicles on U.S. Roadways Hits a Record 12.2 Years

Drivers are holding on to cars and trucks longer to avoid high prices on replacements and an inventory shortage at dealerships

By

With gas prices on a wild ride, many consumers are exploring whether buying an electric vehicle could save them money in the long run. WSJ’s George Downs breaks down four factors to consider when buying a new car. Photo composite: George Downs

The average age of vehicles on U.S. roadways edged higher in 2021, hitting a record of 12.2 years, as Americans challenged by high car prices and slim pickings on dealer lots held on to cars longer.

This was the fifth straight year the average vehicle age in the U.S. has increased, according to new data released Monday by research firm S&P Global Mobility.

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