It’s a number that seems to stop you in your tracks: over $50,000 for a new car. It feels less like a price tag and more like a barrier to entry, a signal that something fundamental has shifted in the automotive world. And it’s not just a feeling; it’s a reality reflected in cold, hard […]
The Enduring Ride: Unpacking Why Americans Are Keeping Their Vehicles Longer Than Ever
radical change in the auto industry, the American drivers are retaining their cars longer than ever. Average age of a passenger automobile on the road has reached an all-time high of 12.5 years in 2021, as reported by S&P Global Mobility, and is projected to increase to 12.8 years in 2025. This number is a […]