Record-high average age for cars in U.S.
The average age of domestic nameplate cars in the U.S. reached 14.4 years in January 2018 – the 27th straight year for an increase, according to the Lang Aftermarket iReport.
That’s 2.2 years higher in average age than 10 years earlier, the report said.
The report attributed the significant increase to two factors:
Fewer new car sales in the U.S.
The ever-increasing share of “car sales captured by foreign nameplates.”
“During 2007, domestic nameplate cars accounted for nearly 20 percent of new vehicles sold in the U.S.,” the report said. “By 2017, their sales share had fallen to 9 percent.”