U.S. Average Vehicle Age Hits Record High of 12.8 Years as High-Mileage Cars Surge

The average age of vehicles in the United States has risen to 12.8 years, reaching a record high. As new-car prices remain persistently high and loan interest rates continue to climb, more drivers are opting to keep their current vehicles longer rather than purchasing new ones. This trend has led to a significant increase in the number of vehicles with higher mileage, substantially expanding membership in the "high-mileage club" and driving structural changes in the automotive aftermarket repair and parts industry.