Average age of vehicles in the us increases to 12.2 years, according to s&p global mobility

Southfield, mich.--(business wire)--the average age of light vehicles in operation (vio) in the us rose to 12.2 years this year, increasing by nearly two months over the prior year, according to new research from s&p global mobility (formerly the automotive team at ihs markit). this is the fifth straight year the average vehicle age in the us has risen. this year's average age marks another all-time high for the average age even as the vehicle fleet recovered, growing by 3.5 million units i
SPGI Ratings Summary
SPGI Quant Ranking