2024 Sets New Record for Average Age of Vehicles
Average Vehicle Age Reaches Record High in 2024
The average age of vehicles on U.S. roads has reached a record 12.6 years, according to a recent study by S&P Global Mobility^. This milestone reflects a growing trend among drivers who are keeping their vehicles longer and placing greater value on reliability and long-term ownership.
A Growing Shift Toward Longer Vehicle Ownership
Over 110 million vehicles on the road today fall within the 6- to 14-year-old range, accounting for nearly 38 percent of all vehicles in operation. Industry projections suggest that number could grow to 40 percent by 2028, reinforcing the trend toward longer vehicle life cycles.
For many drivers, this shift reflects a combination of factors, including rising new vehicle prices, fewer manufacturer incentives, and increased confidence in the durability of modern vehicles.
Why Vehicles Are Lasting Longer Than Ever
Today's vehicles are built with improved engineering, better materials, and more advanced technology than ever before. As a result, many properly maintained vehicles can easily exceed 150,000 miles, with some continuing well beyond that mark.
Because of this increased reliability, lenders have also become more comfortable financing older used vehicles, giving buyers more flexibility when choosing a vehicle that fits their budget. Lenders are also more inclined to offer longer-term loans on older used vehicles due to their improved reliability and extended life spans, making financing used vehicles more accessible for many buyers.
What This Means for Used Car Buyers in Vermont
For drivers in White River Junction and throughout Vermont and New Hampshire, this trend reinforces the value of buying a used car, truck, or SUV. A well-maintained used vehicle can provide years of dependable service while helping reduce overall ownership costs.
At Upper Valley Auto Mart, we offer a wide selection of used vehicles for sale, with options ranging from newer models to vehicles that have proven their long-term reliability.
A Smart Long-Term Decision
The increasing average age of vehicles on the road highlights a simple truth: today's vehicles are built to last. For many buyers, choosing a quality used vehicle is not just a budget-friendly decision-it is a practical long-term investment.
As more drivers hold onto their vehicles longer, the used car market continues to play a key role in helping people find reliable transportation that fits their needs and financial goals.
Explore Reliable Used Vehicles Today
If you're ready to find a dependable vehicle built for the long haul, browse our current inventory or visit Upper Valley Auto Mart in White River Junction.
Our team is here to help you find a vehicle that delivers lasting value and fits your lifestyle.
^ Source: S&P Global Mobility, 2024 Vehicle Age Study
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Published Spring
2024 | Refreshed March 2026
