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

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

With an average U.S. new-vehicle selling price of just over $45,000 last month, many can’t afford to buy new — even though prices are down more than $2,000 from the peak in December of 2022, according to J.D. Power.

Average U.S. vehicle age hits record 12.6 years as high prices force people to keep them longer
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  • Due to cost or reliability improvements? Or both? Because cars are definitely operational a lot longer than they were 25-50 years ago.

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