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The typical age of automobiles on U.S. roads has been rising for many years as vehicles develop ever extra sturdy — and costly.
The typical age of a automobile on U.S. roads rose to 12.1 years in 2021, in accordance with IHS Markit. The typical age had been 11.9 years in 2020. In 2002, the typical age was 9.6 years.
There was a time when drivers did not count on to get greater than 100,000 miles out of their vehicles on the most. Today, nonetheless, it’s not extraordinary for vehicles to final 200,000 or extra.
Automotive buying website iSeeCars publishes a listing of the longest-lasting vehicles on the street. Just lately, it discovered that 16% of the Toyota Land Cruisers on the street have a minimum of 200,000 miles on them. In the meantime, a minimum of 2.5% of a number of different fashions — from automobile makers together with Toyota, Honda and Basic Motors — even have a minimum of 200,000 miles on their odometers.
Trade analysts say there’s some concern that rising car costs and improved sturdiness may have an effect on the frequency with which consumers search new vehicles sooner or later. However as car age has grown, so has the general measurement of the American fleet.
A really fast tempo of technological change, reminiscent of improved efficiency, rising gas mileage, electrical powertrains and security options, could also be sufficient to maintain shoppers returning to dealerships.
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