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Average age of US vehicles reached record 12.1 years in 2020

According to IHS Markit, vehicle miles in the US fell by over 13% during 2020

The average age of cars in America jumped to a record 12.1 years during 2020 according to IHS Markit.

It happened as Americans drove less and scrapped more cars throughout the pandemic.

However, as lockdown restrictions are easing, IHS Markit said the data may not last long sales of both new and used cars are starting to pick up again.

According to IHS Markit, vehicle miles in the US fell by over 13% during 2020, while more than 15m vehicles were scrapped. That amounts to 5.6% of the Toal vehicle population.

High scrap rates generally accompany a decline in the average age of a vehicle, IHS Markit said.

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However, a fall in car sales during the pandemic as people travelled fewer miles, saw the average age increase by 2 months from 11.9 years in 2019.

Another cause of a fall in vehicle production, according to IHS Markit, was an ongoing shortage of semiconductors, which led to inflated prices and a subsequent increase in used vehicle prices.

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