Average Age of Light Vehicles Increased to 11.5 Years

Mark Seng
Glob­al After­mar­ket Prac­tice Leader
IHS Auto­mo­tive

The com­bined aver­age age of all light vehi­cles on the road in the U.S. has climbed slight­ly to 11.5 years, based on a snap­shot of vehi­cles in oper­a­tion (VIO) tak­en Jan. 1 of this year. Reg­is­tra­tions for light VIO in the U.S. also reached a record lev­el of 257,900,000 – an increase of more than 5.3 mil­lion (2.1%) since last year. It’s the high­est annu­al increase since IHS began track­ing VIO growth.

Read more about the IHS Auto­mo­tive report

Vehi­cles 12-Plus Years Old Should Con­tin­ue to Grow and Will Increase 15% by 2020:
Hap­pen­ing due to improved qual­i­ty and con­sumers hold­ing their vehi­cles longer.

Now See­ing Vehi­cle Age Plateau and Return to Tra­di­tion­al Rate of Increase:
New vehi­cle sales had dropped 40% in 2008-09 and had been increas­ing about five times its tra­di­tion­al rate.

New Vehi­cle Reg­is­tra­tions Sur­passed Scrap­page by More than 42%:
Vehi­cles take out of fleet at high­est rate since the sta­tis­tic has been tracked.

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