More Drivers Keeping Old Cars Running: Average Age of a Car Rose to a Record 12 Years

Dublin, IRELAND


Dublin, June 18, 2021 (GLOBE NEWSWIRE) -- ResearchAndMarkets.compublished a new article on the used car industry "More drivers keeping old cars running"

The average age of vehicles on roadways rose to a record 12.1 years last year, as high prices and improved quality prompt owners to hold on to their cars longer. It was the first time the average vehicle age rose above 12 years.

While the average vehicle age has risen steadily over the last 15 years, the trend accelerated during the coronavirus pandemic partly because of a drop in new car sales.

The finding reflects the stronger value of vehicles throughout their life cycles, from higher new-vehicle prices Americans have been paying for years higher prices on used-car lots.

The article on ResearchAndMarkets.com contains a selection of reports on used cars such as:

  • 2020 Automotive Marketplaces Annual
  • Global Used Car Market (2021 Edition) - Analysis By Car Age (0-5 Years, 6-10 Years, 11 and Above), Propulsion Type, Sales Channel, By Region, By Country: Market Insight and Forecast with Impact of Covid-19 (2021-2026)
  • Automotive Finance Market Share, Size, Trends, Industry Analysis Report, By Type; By Service Type; By Vehicle Type; By Purpose; By Provider; By Regions; Segment Forecast, 2021 - 2028

To see the full article and a list of related reports on the market, visit "More drivers keeping old cars running"

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