New vehicles are getting more and more costly. However they’re additionally extra sturdy than earlier than, which implies drivers have a greater likelihood of getting their cash’s value.

As the common transaction value for brand new vehicles reached an estimated $45,872 in November — the very best on file, in accordance with a joint forecast from J.D. Energy and LMC Automotive — the common age of vehicles on the highway additionally hit an all-time excessive of 12.2 years in 2022, a separate report by IHS Markit discovered.

The typical age had been simply over 11 years a decade in the past. In 2002, it was 9.6 years.

Developments in all the pieces from supplies to expertise have helped, in accordance with Will Kaufman, information editor at Edmunds, “and it would not damage that at present’s autos have higher methods to alert homeowners when there are upkeep points.”

Among the many fashions with the best potential lifespan, Toyota Sequoia topped the record, with the power to journey practically 300,000 miles, adopted by the Land Cruiser, in accordance with a current iSeeCars research, which analyzed greater than 2 million vehicles over the previous 20 years to see which autos might final the longest. 

Total, SUVs and vehicles are the most typical car sorts to rank within the prime 10, whereas extra fuel-efficient passenger vehicles, together with the Prius and Avalon, earned two spots on the record.

“Customers actually, actually worth reliability, and automakers are positively delicate to how huge an influence a fame for reliability — or unreliability — can have on their model,” Kaufman mentioned.

Six of the highest 10 have been Toyota SUVs, vehicles or vehicles. Different contenders within the prime 5 embrace the Chevrolet Suburban and GMC Yukon, each three-row SUVs.

Each automotive and truck on the record can attain practically a quarter-million miles or extra, the report discovered.

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As a basic rule of thumb, most drivers contemplate the 200,000-mile mark the higher restrict of a automotive’s lifespan, though some fashions clearly have the potential to journey a lot farther.

A restricted provide of recent vehicles and vehicles as a result of ongoing chip scarcity has pushed customers to make use of their current autos for longer, in accordance with IHS Markit, which tracks car registrations in each state.

On the identical time, thousands and thousands of people that beforehand commuted to their jobs put fewer miles on their vehicles whereas they labored from dwelling, additional extending the lifetime of their autos. 

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