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Average age of cars and light trucks in the US rises to 12.1 years, accelerated by COVID-19
14 June 2021
New research from IHS Markit shows that the average age of light
vehicles in operation (VIO) in the US has risen to 12.1 years this
year, increasing by nearly 2 months during 2020 and elevated by the
COVID-19 pandemic. The increase in average age will further drive
vehicle maintenance opportunities from an increasingly aged vehicle
fleet.
COVID-19 and its impact across the US caused a drastic reduction
in new vehicle sales as well as a sudden increase in vehicle
scrappage, which was a catalyst for increased velocity in the
growth of the average age of light vehicles. The pandemic-induced
rate of increase in average age is expected to be short-lived as
2021 will see a return of new vehicle registrations and increased
activity in used registrations as we adapt to post-pandemic
norms.
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