Age of Cars on Road Rises to Nearly 12 Years Featured

By Staff Writer June 28, 2019

The average age of light vehicles in operation (VIO) in the U.S. has risen again this year to 11.8 years, according to new research from business information provider IHS Markit.

This acceleration of average age can easily be seen when looking across the last 17 years. From 2002-2007, the average age of light vehicles in the U.S. increased by 3.5 percent. From 2008-2013, however, the increase was 12.2 percent. Over the last five years, the average age increase has returned to its more traditional rate – aging by 4 percent over this time period.

Light vehicles in operation in the U.S. have now reached a record level of more than 278 million according to the analysis -- an increase of more than 5.9 million (2.2 percent) since 2018. This represents one of the highest annual increases the U.S. auto industry has seen since IHS Markit began tracking VIO growth – second only to the 2.3 percent growth in 2016.

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Last modified on Monday, 08 July 2019 11:39

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