That's a garbage statement. LOL
1995: 8.4 years
1996: 8.5 years
1997: 8.7 years
1998: 8.9 years
1999: 9.1 years
2000: 9.1 years
2001: 9.3 years
2002: 9.8 years
2003: 9.9 years
2004: 10.0 years
2005: 10.1 years
2006: 10.2 years
2007: 10.3 years
2008: 10.4 years
2009: 10.5 years
2010: 10.8 years
2011: 11.1 years
2012: 11.3 years
2013: 11.4 years
2014: 11.4 years
2015: 11.5 years
2016: 11.6 years
2017: 11.7 years
2018: 11.7 years
2019: 11.8 years
2020: 11.9 years
2021: 12.1 years
2022: 12.2 years
I'll go ahead and throw it out that in 2023 it'll be 12.3 years, 2024 will be 12.4 years.
Analysis of Average Age of Cars and Trucks on the Road [2024]
Average age of all vehicles: 12.7 years (2024), light trucks 12.4 (2024) and passsenger cars 13.7 (2024). How many classic cars are left:hedgescompany.com
The point being that fewer new cars have been sold, extremely true the last 2 years. The average age will accelerate and the demand for new will be resistant to decline.