Created: July 29, 2020 07:41 PM
One in four 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 of cars and trucks older than 2005 is one reason the average age of vehicles in the U.S. has climbed to an all-time high of 11.9 years.
2020 is the fourth straight year the average vehicle age in the U.S. Increased.
It extends a trend over the last two decades during which Americans hang on to their cars and trucks longer.
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