25% of cars in the U.S. are at least sixteen years old as vehicle age hits record high – CNBC
Next time you’re driving down the road, look around. On average, 1 in 4 cars and trucks you pass are at least 16 years old, according to new analysis of what Americans are driving.
IHS Markit, which tracks vehicle registrations in every state, says the large number pre-2005 cars and trucks on the road is one reason the average age of vehicles in the U.S. has climbed to an all-time high of 11.9 years.
“A lot of it has to do with quality of the vehicles on the road,” said Todd Campau, after-mark…