The average age of a vehicle on U.S. roads has climbed to almost a dozen years.
It's part of a long-term trend of people holding on to their cars, trucks and SUVs longer, but the impact of the COVID-19 pandemic is expected to add even more pressure to this phenomenon, possibly pushing the average up four to six months compared with a more modest increase in recent years.
Todd Campau, associate director of aftermarket solutions for IHS Markit, which reported the findings, said the virus has created a "perfect storm" for this trend to continue.
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