The average vehicle age in the U.S. is now at 12.5 years, which means it’s up three months from last year and at a record high. Not only that, but this last year’s growth is also the highest year-over-year growth since 2008 and 2009 during the infamous recession.
What makes the average vehicle age going up even more interesting is that electric cars helped new car sales last year. Car companies pushing for more affordable EVs, along with federal and state tax incentives, might help more American customers into newer vehicles, which could bring the average age of cars up over the next couple years.
