The pandemic is causing drivers to keep their cars and trucks longer, a consulting firm says. The average age of a vehicle on U.S. roads edged up by a month this year to a record 11.9 years.
FILE - In this file photo dated June 7, 2020, a long row of unsold cars at a Honda dealership in Highlands Ranch, Colo. The coronavirus pandemic is causing drivers to keep their cars and trucks longer. The IHS Markit consulting firm says the pandemic has caused consumers to put the brakes on spending and hold onto their current vehicles for a longer period.
The IHS Markit consulting firm says the pandemic has caused consumers to put the brakes on spending and hold onto their current vehicles for a longer period. As a result, fewer new vehicles are coming onto the roads, pushing up the average age.
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Pandemic drives average age of cars in US to a record highPutting the brakes on spending: The coronavirus pandemic is causing drivers to keep their cars and trucks longer. The average age of a vehicle on U.S. roads edged up by a month this year to record 11.9 years.
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