{"id":125307,"date":"2024-05-22T02:42:59","date_gmt":"2024-05-22T01:42:59","guid":{"rendered":"http:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/average-age-vehicles-united-states-2024.html"},"modified":"2024-05-22T02:42:59","modified_gmt":"2024-05-22T01:42:59","slug":"average-age-of-vehicles-in-the-us-continues-to-rise-12-6-years-in-2024-according-to-sp-global-mobility","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/05\/22\/average-age-of-vehicles-in-the-us-continues-to-rise-12-6-years-in-2024-according-to-sp-global-mobility\/","title":{"rendered":"Average age of vehicles in the US continues to rise: 12.6 years in 2024, according to S&P Global Mobility"},"content":{"rendered":"

Aftermarket opportunities abound as sweet spot continues to
\ngrow.<\/em><\/p>\n

Vehicles on the road are getting even older, according to
\nS&amp;P Global Mobility. The average age of cars and light trucks
\nin the United States has risen again to a new record of 12.6 years
\nin 2024, up by two months over 2023, according to new analysis.
\nIncrease in average age is showing signs of slowing as new
\nregistrations normalize.<\/p>\n

This continues to improve business opportunities for companies
\nin the aftermarket and vehicle service sector in the US, as repair
\nopportunities are expected to grow alongside vehicle age.<\/p>\n

“With average age growth, more vehicles are entering the prime
\nrange for aftermarket service, typically from 6 to 14 years of
\nage,” said Todd Campau, aftermarket practice lead at S&amp;P Global
\nMobility. “With more than 110 million vehicles in that sweet spot
\n\u2014 reflecting nearly 38 percent of the fleet on the road \u2014
\nwe expect continued growth in the volume of vehicles in that age
\nrange to rise to an estimated 40 percent through 2028.”<\/p>\n

\"US<\/p>\n

Two passenger cars scrapped for every new passenger car
\nregistration<\/h2>\n

Vehicle scrappage rates \u2014 the measure of vehicles exiting
\nthe active population \u2014 continue to hold steady. As of January
\n2024, the scrappage rate was 4.6%, largely unchanged from 4.5% in
\nJanuary 2023.<\/p>\n

Looking at the mix of the fleet, since 2020, more than 27
\nmillion passenger cars exited the US vehicle population, while just
\nover 13 million new passenger cars were registered. At the same
\ntime, over 26 million light trucks (including utilities) were
\nscrapped and nearly 45 million were registered.<\/p>\n

“Consumers have continued to demonstrate a preference for
\nutility vehicles and manufacturers have adjusted their portfolio
\naccordingly, which continues to reshape the composition of the
\nfleet of vehicles in operation in the market,” said Campau.<\/p>\n

Vehicles in operation grows to 286M, while EV VIO exceeds
\n3M<\/h2>\n

The US vehicle fleet surged to 286 million vehicles in operation
\n(VIO) in January, up 2 million over 2023, but the distribution of
\nvehicles by age is changing. Vehicles under the age of six
\naccounted for 98M vehicles in 2019, or about 35 percent of VIO.
\nToday they represent less than 90M vehicles and are not expected to
\nreach that threshold again until 2028 when they will represent
\nabout 30% of VIO, according to S&amp;P Global Mobility estimates.
\nThis is driven by the impact of COVID and subsequent supply chain
\nshortages that disrupted vehicle supply and registrations – and
\nfollowing historically high volumes in 2015-2019.<\/p>\n

As a result, the primary driver of VIO growth will be vehicles
\nin the aftermarket 'sweet spot' \u2014 vehicles 6-14 years of age,
\nand even older vehicles, that are expected to represent about 70%
\nor more of VIO for the next five years, which will serve as a
\ntailwind to aftermarket service opportunities.<\/p>\n

EVs on the road also continued to increase, with 3.2 million EVs
\nin operation in January. 2023 EV registrations surpassed one
\nmillion units for the first time and increased about 52% compared
\nwith 2022. The rate of EV growth was slower than some automakers
\nhad anticipated, and there is potential for the average age of EVs
\nto rise in the short term as consumer adoption slows. The average
\nage of EVs in the U.S.is 3.5 years and has been holding largely
\nsteady since 2019 with new registrations representing a large share
\nof overall EV VIO.<\/p>\n

“We started to see headwinds in EV sales growth in late 2023,
\nand though there will be some challenges on the road to EV adoption
\nthat could drive EV average age up, we still expect significant
\ngrowth in share of electric vehicles in operation over the next
\ndecade,” said Campau.<\/p>\n


\nAccess more detailed VIO analysis with
\nAftermarketInsight<\/a>.<\/p>\n\n

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Aftermarket opportunities abound as sweet spot continues to
\ngrow.Vehicles on the road are getting even older, according to
\nS&amp;P Global Mobility. The average age of cars and light trucks
\nin the United States has risen again to a new record of 12….<\/p>\n","protected":false},"author":2139,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-125307","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/125307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/2139"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=125307"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/125307\/revisions"}],"predecessor-version":[{"id":125308,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/125307\/revisions\/125308"}],"wp:attachment":[{"href":"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