Key facts
- The average age of cars in the U.S. is now 13 years.
- This trend is causing significant changes in the automotive industry.
- Automakers, dealers, and repair shops are adapting their business practices.
Americans are holding onto their vehicles for longer periods than ever before, with the average car on U.S. roads now being 13 years old. This significant shift is compelling major changes across the automotive industry. Automakers are re-evaluating their strategies, while dealerships and independent repair shops are also modifying their business practices to cater to a fleet of older vehicles. This trend indicates a move away from frequent new car purchases towards maintaining existing cars for extended durations.