The typical age of motor vehicles on U.S. roadways has been soaring for many years as autos increase at any time more long lasting — and high-priced.
The typical age of a motor vehicle on U.S. roadways rose to 12.1 yrs in 2021, in accordance to IHS Markit. The typical age experienced been 11.9 many years in 2020. In 2002, the average age was 9.6 many years.
There was a time when motorists didn’t expect to get more than 100,000 miles out of their cars and trucks at the most. These days, nonetheless, it is not unheard of for cars and trucks to last 200,000 or extra.
Car or truck browsing web page iSeeCars publishes a listing of the longest-lasting cars and trucks on the highway. Not too long ago, it observed that 16% of the Toyota Land Cruisers on the street have at least 200,000 miles on them. In the meantime, at the very least 2.5% of a number of other types — from automobile makers together with Toyota, Honda and Normal Motors — also have at the very least 200,000 miles on their odometers.
Field analysts say there is some problem that climbing car selling prices and enhanced longevity may possibly have an impact on the frequency with which buyers seek out new autos in the long run. But as automobile age has grown, so has the total size of the American fleet.
A pretty swift tempo of technological change, this sort of as improved efficiency, soaring fuel mileage, electric powered powertrains and basic safety functions, may perhaps be adequate to maintain shoppers returning to dealerships.