Average Age of American Vehicles Will Continue Increase through 2015

The Detroit Bureau - March 27, 2014

The aver­age age of vehi­cles on US roads is get­ting even longer, accord­ing to a new IHS Auto­mo­tive sur­vey. The aver­age age should go up to 11.5 years in 2015; although with the strong sales vol­ume recent­ly of new vehi­cles, the num­bers should be pushed down after 2015. IHS con­sul­tant Tom Lib­by said the num­ber of miles dri­ven by Amer­i­cans has stopped grow­ing in recent years, which was influ­enced by ris­ing gas prices, a high­er unem­ploy­ment rate, and demo­graph­ic shifts.



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