Americans holding onto their cars longer: Study ...Middle East

(NewsNation) — A lot of drivers around the U.S. are partying like it’s 2010. Or at least, driving that way. A study of vehicle registration data nationwide shows the average age of a passenger car on the road is now 14 years. For light trucks, the average age is 11.9 years. The average of all vehicles is 12.6 years. The study by auto industry consultancy S&P Global Mobility blames a combination of high prices for new vehicles and the reluctance by many drivers to purchase electric vehicles. “A combination of these factors has resulted in consumers keeping their vehicles on the road longer, driving average age upward,” wrote study authors Nishant Parekh and Todd Campau. Re

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