This is very discouraging news for those that drive used and/or older vehicles. The average age of passenger vehicles on the road today is over 12 years. And have over 160,000 miles.
The average age of a car compared to the average age of a light truck are nearly the same. We're estimating the average age at 12.2 years in 2022, and 12.3 in 2023, which will be an all-time high. Americans hold on to their cars longer than ever.
https://hedgescompany.com/blog/2022/02/how-old-are-carsThe average distance driven is different for every driver. But on average, drivers travel 13,476 miles per year on U.S. roads, according to the U.S. Department of Transportation's Federal Highway Administration (FHWA).
www.caranddriver.com/auto-loans/a32880477/average-mileage-per-year
