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Americans holding on to their vehicles due to high prices

chinadaily.com.cn | Updated: 2023-05-16 09:24

The average age of US cars hit a record 12.5 years this year, an increase of more than three months from 2022, according to data gathered by S&P Global Mobility on Monday. As new and used car prices continue to rise in the United States, and living costs remain high, Americans are turning to repairs and maintenance rather than pay big bucks for a new one.

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