Cars, trucks, SUVs, and other vehicles drive in traffic on the 405 freeway through the Sepulveda Pass in Los Angeles, California, on August 25, 2022.
DETROIT — The average age of passenger vehicles on U.S. roadways climbed to a record this year, as car owners hold on to their vehicles longer amid low supplies of new vehicles and sky-high prices.
That includes a 3.8% increase for passenger cars to 13.6 years and a 1.7% uptick in trucks, SUVs and crossovers to 11.8 years.
"The aftermarket and the repair market as a whole is definitely a winner as the average age continues to grow," said Todd Campau, associate director of aftermarket solutions for S&P Global Mobility.
In total, S&P Global Mobility reports there are more than 284 million vehicles in operation on U.S. roads.