S&P Mobility Report: Age of Light Vehicles Rises Again

S&P research shows the average vehicle age rose to 12.2 years in 2022, representing a 2% increase from 2021.

Average Age of Vehicles on the Road Increases

IHS Markit finds the average age of a car on U.S. roads rose to 12.1 years in 2021, up from 11.9 years in 2020. In comparison, the average age was 9.6 years in 2002.

IHS: Average Vehicle Age Remains Steady at 11.4 Years