The average age of light vehicles in the U.S. has risen once again as consumers continue to hold onto vehicles.IHS Markit said today that the average age of light vehicles is now 11.6 years, based on a snapshot of vehicles in operation on Jan. 1, 2016, the most recent analysis. That’s up from 11.5 years the previous year.
Registrations for light vehicles in operation in the U.S. hit a record 264 million, an increase of more than 6.2 million, or 2.4 percent.
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