Average Age of Vehicles in U.S. Pegged at 11.4 Years, Report Says


  • Car Dealership Picture

    Car Dealership Picture

    The average age of a light vehicle in the U.S. remained flat at 11.4 years at the end of 2013. | June 09, 2014

Just the Facts:
  • The average age of a light vehicle in the U.S. remained flat at 11.4 years at the end of 2013, according to a new report from IHS Automotive.
  • The average age of vehicles is likely to remain steady at 11.4 years through 2015, reflecting a rebound of the auto industry and an increase in new-vehicle sales.
  • "This year, we're seeing somewhat of a plateau in the market and expect it to remain over the next few years, without a major change in either direction," said Mark Seng, director of IHS Automotive's aftermarket solutions and global aftermarket practice, in a statement on Monday.

SOUTHFIELD, Michigan The average age of a light vehicle in the U.S. remained flat at 11.4 years at the end of 2013, according to a new report from IHS Automotive.

The average age of vehicles is likely to remain steady at 11.4 years through 2015, reflecting a rebound of the auto industry and an increase in new-vehicle sales.

"This year, we're seeing somewhat of a plateau in the market and expect it to remain over the next few years, without a major change in either direction," said Mark Seng, director of IHS Automotive's aftermarket solutions and global aftermarket practice, in a statement on Monday.

He added: "We attribute this to a number of factors, including the economy and the increasing quality of today's automobiles."

The average age is expected to rise to 11.5 years by 2017 and 11.7 years by 2019.

In another statistic that reflects renewed consumer optimism, IHS forecasts that the volume of vehicles new- to five-years old will increase by 32 percent over the next five years. Vehicles in the six- to 11-year-old category will decline by 21 percent.

"Because of improved quality and consumers holding their cars and light trucks longer, vehicles 12-plus years old continue to grow and will increase by 15 percent by 2019," the report said.

Edmunds says: Another sign that consumers are stepping back into showrooms and letting go of their older vehicles.

Leave a Comment
ADVERTISEMENT

Featured Video

ADVERTISEMENT

Marketplace

up2drive

Get Pre-Approved for a Loan


Car.com

Credit Problems?
We can help you get Financing!

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Have a question? We're here to help!
Chat*
Chat online with us
Email
Email us at help@edmunds.com
*Available daily 8AM-5PM Pacific
Phone*
Call us at 855-782-4711
SMS*
Text us at ED411