News@lemmy.world

news@lemmy.world

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return2ozmatoNews@lemmy.world·5 months ago

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

(www.nbcnews.com)

432

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

(www.nbcnews.com)

return2ozmatoNews@lemmy.world·5 months ago

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.

Hikermick
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5 months ago
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Yeah in the 80’s people in the US were freaking out about Japanese cars but in the end the US cars became better in order to compete