Average Age of US Cars
As it’s the 4th of July, Independence Day for our American friends, we’ve decided to take a look at the average age of US cars.
According to the results of a study from HIS Markit, the average age of a car in the U.S has hit a record all-time high. As of 2018, the average age is 11.8 years!
They just don’t like to say goodbye to cars in the US!
There are a number of factors likely to have contributed to the rising age of vehicles. To begin with, longer-term loans are available with many consumers financing cars for six or seven years. Thus, they’re hanging onto the cars and maintain them longer. Secondly, IHS Markit said vehicles are simply built far better than they were in the past. Both factors have helped the fleet of cars on American roads stick around longer.
State-by-state, Montana is home to the oldest vehicles on the road with an average age of 16.6 years. The state with the youngest vehicles is Vermont at 9.9 years.
In comparison, as of February 2019, Cartell.ie reported that the native Irish fleet (private) had an average age of 8.48 years. The imported Irish fleet (private) stood slightly higher at 8.76 years.
Read more about Cartell’s report on the Private Irish Fleet and Younger Imports here.