The average age of light vehicles in operation in the US stood at 12.4 years in 2023. Forecast data from 2024 to 2028 shows a gradual increase in vehicle age from 12.5 to 12.9 years. The year-on-year percentage variation is a steady 0.8% increase. The compound annual growth rate (CAGR) over this period reflects an annual average increase of approximately 0.8%.

Future trends to watch for include:

Advancements in vehicle technology prolonging vehicle life.
Economic factors influencing new vehicle sales, potentially impacting the average age.
The impact of regulatory measures and initiatives aimed at promoting electric vehicle adoption.