3 Auto Stocks to Capitalize on Aging U.S. Vehicles (Revised)

What's Driving the Vehicle Age? For starters, advancements in technology have improved vehicle quality, allowing cars to last longer. Additionally, the high cost of new vehicles is a significant factor. The average selling price of a new vehicle in the United States was more than $45,000 last month. Despite a decrease of more than $2,000 from the peak in December 2022, prices remain high, causing many consumers to delay new purchases and extend the lifespan of their current vehicles. Todd Campau, aftermarke ...