Consulting agency: The new crown epidemic affects consumption, and the average age of vehicles in the United States has increased to a record 11.9 years

The Associated Press reported on July 29 that the well-known consulting firm IHS Markit said on Tuesday that the new crown epidemic has caused consumers to control consumption, reduce the number of new cars on the road and increase the average age of vehicles. Research shows that the average age of vehicles on American roads has increased by one month this year, reaching a record 11.9 years.

Aixin Huamai said that this transformation is expected to create opportunities for repair shops and parts sellers because older vehicles require more services.

reported that before the outbreak of the new crown epidemic, new car sales in the United States are expected to be slightly less than 17 million in 2020, lower than the 2016 record of 17.55 million, but still at a healthy level. Most analysts now expect annual sales to be around 14 million vehicles.

Aixin Huamai said that in recent years, the average age of vehicles in the United States has been moving towards the 12-year mark. In the next few years, epidemics may increase the age of vehicles by 4 to 6 months. Ten years ago, the average age of vehicles in the United States was 10.6 years.