There were problems with cars in the USAJuly 30, 2020
The US car fleet began to age perceptibly: the analyst firm Markit conducted a study and found that Americans have begun to drive their cars longer, as a result of which the average age of cars on American roads is almost 12 years. This is the highest rate in the last 20 years.
So, if last year the average age of a car in the United States was 11.8 years, then this year it is 11.9 years. And this does not take into account the COVID-19 pandemic and the economic crisis that followed, which caused great damage to new car sales. Todd Campo, deputy director of IHS Markit, said the sharp slowdown in vehicle sales could push the average age of vehicles on US roads to more than 12 years.
“We definitely expect the 12-year limit to be exceeded. People who work from home will be able to reduce the mileage of cars, which will allow the latter to be in service longer,” Campo said.
As the Insurance Journal notes, the main reason why cars in the United States are aging is the constant rise in prices for new cars and a longer service life of cars, which allows older vehicles to overcome high mileage and change more owners.
However, there are those who benefit from this state of affairs – these are auto parts manufacturers and service stations.
IHS Markit estimates that there are now over 280 million vehicles on the roads of the United States.
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