How Old Is Your Car? Americans Set New Record as Prices Stay High

Once again, Americans set a new record for driving older cars.

Little pink piggy bank tied to the top of an old car, representing the high cost of cars.
(Image credit: Getty Images)

Americans are driving even older cars than ever before, as prices for new cars remain prohibitively high for many. This year, the average age of cars in the U.S. is 12.6 years, S&P Global Mobility reported this week. 

That's up by two months from last year's age — which also set a record for older vehicles on the road. However, per S&P Global Mobility, cars' aging is slowing, a trend line that correlates to prices.

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Alexandra Svokos
Senior Digital Editor

Alexandra Svokos is the senior digital editor of Kiplinger. She holds an MBA from NYU Stern in finance and management and a BA in economics and creative writing from Columbia University. Alexandra has a decade of experience in journalism and previously served as the senior editor of digital for ABC News, where she directed daily news coverage across topics through major events of the early 2020s for the network's website, including stock market trends, the remote and return-to-work revolutions, and the national economy. Before that, she pioneered politics and election coverage for Elite Daily and went on to serve as the senior news editor for that group. 

Alexandra was recognized with an "Up & Comer" award at the 2018 Folio: Top Women in Media awards, and she was asked twice by the Nieman Journalism Lab to contribute to their annual journalism predictions feature. She has also been asked to speak on panels and give presentations on the future of media and on business and media, including by the Center for Communication and Twipe.