AUTOS Average U.S. vehicle age hits record 12.6 years as high prices force people to keep them longer

CNBC ^ | MAY 22 202412:47 PM EDT

[BradtotheBone]

Thanks Brandon.

[desertsolitaire]

I have four running vehicles; they are
8 years old
11 years old
19 years old
61 years old.

Admittedly, the 61 yr old gets driven lightly and in warm weather.

[HartleyMBaldwin]

18.5-year average for four vehicles here.

[PGR88]

Americans could produce a simple diesel car or truck, with no frills, that could be sold for $12K and last 500K miles.

The only reason it doesn’t happen is because government won’t allow it.

[God luvs America]

I have two cars- 2009 Acura TSX, 2011 Honda CRV. Keep them both in great shape. My prior car, 1991 Acura Integra, i had for 20 years & 300K miles.

I love cars but they are many better ways to spend your $$$ IMO. My in laws get new cars every three years- and complain they don’t own anything.

[Psalm 73]

"Admittedly, the 61 yr old gets driven lightly..."

It's a 1963 what? (I gots to know)

[hinckley buzzard]

Don’t complain, Citizen. Our leaders remind you, you never had it so good.

[Codeflier]

Welcome to Cuba.

[jdt1138]

24

[ridesthemiles]

I have 45 year old car

I have 48 year old truck

LOVE MY OLD IRON.

[CurlyDave]

Thanks Brandon.

Actually there are two effects in play here.

1. Bidenflation

2. Higher quality and better longevity.

My 7 year old car looks and acts almost new.

[38special]

I own two pickup trucks. One is ten years old and the other twenty. My wife’s car is five years old.

[The FIGHTIN Illini]

18.7 years here

2015 Jeep Rubicon
2003 F250 Diesel
1998 Honda Accord

[princeofdarkness]

Hey you gotta admit. Those Cubans know how to keep those ‘58 Chevy Impalas and Bel-Airs running.

[ridesthemiles]

Combined mileage ===571,000

Owned a Pontiac wagon I bought new——put OVER 444,000 miles on it in 30 years. Wish I still had it.

[1Old Pro]

Yep, I’m average as far as this goes. Really having a tough time contemplating spending $600-$800/month on a vehicle.

[rktman]

Barring unforseen circumstances, bought my last vehicle in 2011. Won’t be buying another. 87k miles so not bad. 🛻⛽

[waterhill]

My last 2 GM trucks had nearly half a million miles each. My current truck has 200k on it.

[OSHA]

2011 Ram Sport Single Cab Hemi 4x4 (Baby makes me smile!)
2015 Murano (Wife-mobile)
2003 GMC Sierra 1500HD 4x4 (Towing my backhoe and trips to my 10 acres in Newton County AR)
2006 Jeep Cherokee (Just a spare that I bought cheap)

I take good care of all of them and have the $$ for repairs if needed.

[jjotto]

One set of stats I saw was average non-luxury brand new vehicle is $44k, and average new luxury brand vehicle is $62k. Ouch!