Passenger cars and light trucks in the United States had an average age of 12.6 years in 2024. This figure represents a slight increase from 12.5 years in 2023. New vehicle sales decline amid pandemic Long-term auto loans and good quality might be reasons why American motorists keep their automobiles longer. That said, vehicle sales in the United States declined dramatically in the second quarter of 2020. As a result, U.S. vehicle age is expected to rise further as U.S. motorists put off vehicle purchases among the COVID-19 crisis in the country and took an interest in buying used cars. Throughout 2022 and 2023, U.S. vehicle sales remained relatively stable, despite geopolitical disruptions. Amid supply chain shortages, North American automobile sales are projected to increase to around 19 million units by 2024. The future market At 12.6 years old, the average vehicle age in the United States is at a record high but the newest cars on the market are entering the next era of automotive technology. Shared mobility, automation, and electrification are several key aspects of the modernization of the motor industry. Electric vehicles are anticipated to witness growing demand in the U.S. Already, electric cars are the favored choice in other important auto markets, including China.

On average, motorists in the United States continue to hold on to their vehicles for a longer time. In 2021, the average age of light vehicles on U.S. roads stood at 12.1 years, up from 10.3 years in 2009.

Forecast: Passenger Cars Average Age in Operation in the US 2024 - 2028 Discover more data with ReportLinker!

Around half of all car owners in the U.S. are over the age of 60 years old. High upfront and running costs can be expensive, and many Americans must either save up or wait until they have the income to afford vehicle ownership.

As of 2020, Russia was the country with the highest average vehicle age when compared to China, the United States, and Germany. All of the country's registered vehicles were on average just under 14 years of age. By contrast, China's licensed vehicles fleet was overall younger, with a mean of 5.3 years of age.

The average vehicle fleet age is an equally weighted average of automobiles and trucks that are registered in the United States. Data is sourced from the US Department of Transportation's Bureau of Transport Statistics.

Graph and download economic data for Consumer Unit Characteristics: Number of Vehicles by Age: from Age 25 to 34 (CXUVEHICLESLB0403M) from 1984 to 2023 about consumer unit, age, 25 years +, vehicles, and USA.

In 2024, the average selling price of used vehicles came to around 28,400 U.S. dollars. In 2024, new automobiles and light trucks were on average almost 19,200 U.S. dollars more expensive than used light vehicles. The used car boom As the price for new vehicles has been increasing, more Americans are turning towards buying second-hand cars and light trucks. Buying new cars and light trucks is typically seen as a privilege that few may do often. Generally, used vehicle sales are on the rise in most countries. Thanks to ever-improving technology, automobiles may keep running for many years and remain in good condition. This allows the average age of light vehicles in operation in the United States to increase slowly. Although new cars are often seen as status symbols, vintage cars are also very popular in the United States, the main reason for this trend being aesthetic and cultural values.

This statistic illustrates the average age of North American freight rail cars from 2014 to 2020. In 2020, the average age stood at 19.6 years, a slight increase from 19.5 years in the previous year.

As of March 31, 2024, passenger cars in Japan had an average age of approximately 9.34 years. Over the past decade, the average age of passenger cars increased steadily, hinting at improved durability of vehicles owned in Japan. The Japanese automobile landscape The Japanese automotive industry developed rapidly during the 'economic miracle' post-World War II, making the country one of the largest motor vehicle producers in the world. While international competition within the automobile sector is tight, Japanese engineering is highly valued in its home market and abroad. Domestically produced cars are primarily exported to North America, whereas imported passenger cars arrive predominantly from Europe, followed by imports from Africa and other Asian regions. Domestic passenger car usage Japan’s usage rate of passenger cars was much higher among car owners from rural regions compared to those living in the country’s metropolitan areas, such as Tokyo or Osaka. Due to rising environmental awareness, green vehicle technologies, and car-sharing services that started to pick up in Japan, a new approach to vehicle usage and purchase behavior has likely been sparked.

The average age of passenger cars on the road in the European Union was 12 years in 2021, while the average truck was about 14.2 years old. Germany and the United Kingdom are the leading passenger car markets in Europe as of 2022.

Lithuanians hold on to their cars the longest

Of European countries, the oldest passenger cars were found in Eastern Europe in 2019. The average car in Lithuania was almost 17 years old. High-income countries like Luxembourg had a comparatively younger fleet. The average age of passenger cars in Luxembourg came to about 6.5 years.

World fleet comparison

Across the Atlantic the car and light truck fleet had a slightly higher average age to that reported in the European Union. Light vehicles registered in the United States were on average 12.1 years old. Comparatively, the age of passenger cars in Japan was noticeably lower. The average age of passenger cars on Japanese roads was just over nine years old.

This statistic represents the average age of the U.S. Amtrak rail car fleet in 2015, with a breakdown by type. In that year, the average age of passenger and other train cars in Amtrak's fleet was 30.7 years.

Passenger Cars Aftermarket Service Market Outlook

The global passenger cars aftermarket service market size was valued at USD 350 billion in 2023 and is expected to reach approximately USD 520 billion by 2032, growing at a CAGR of 4.5% during the forecast period. The growth factors driving this market include the increasing average age of vehicles, rising demand for electric vehicles (EVs), and advancements in automotive technologies.

One of the primary growth drivers of the passenger cars aftermarket service market is the increasing average age of vehicles. As cars become more durable and technological advancements improve their longevity, consumers are holding on to their vehicles for extended periods. This trend is fueling the demand for aftermarket services such as maintenance, repairs, and part replacements. The increasing number of vehicles on the road also means a higher demand for regular services to ensure optimal performance and safety.

Another significant factor contributing to the market growth is the rising demand for electric vehicles (EVs). As governments worldwide push for greener and more sustainable transportation solutions, the adoption of EVs is on the rise. This shift necessitates specialized aftermarket services, including battery management, electrical system diagnostics, and software updates, creating new opportunities for service providers to cater to this emerging segment. Additionally, advancements in automotive technologies, such as advanced driver assistance systems (ADAS) and connected car features, require sophisticated diagnostic and repair capabilities, further driving the demand for skilled aftermarket services.

Moreover, the growing trend of digitalization is transforming the passenger cars aftermarket service market. Online platforms and digital solutions are providing customers with easy access to various services, from booking appointments to ordering replacement parts. This digital shift is enabling service providers to reach a wider audience and offer more efficient and transparent services. The convenience and accessibility offered by these online platforms are expected to play a pivotal role in the market's growth over the forecast period.

From a regional perspective, North America and Europe are the leading markets for passenger cars aftermarket services, driven by a high vehicle ownership rate and advanced automotive infrastructure. The Asia Pacific region is expected to witness significant growth due to increasing vehicle sales, rising disposable incomes, and expanding automotive service networks. Emerging markets in Latin America and the Middle East & Africa are also anticipated to contribute to the market's expansion, driven by improving economic conditions and growing automotive industries in these regions.

The Automotive After sector is witnessing a transformative phase, driven by technological advancements and changing consumer preferences. With the increasing complexity of vehicles, there's a growing demand for specialized aftermarket services that cater to both traditional and electric vehicles. This evolution is not just about maintaining vehicle functionality but also enhancing performance and extending the lifespan of vehicles. As the automotive industry continues to innovate, the aftermarket sector is poised to offer more tailored solutions, ensuring vehicles remain in optimal condition throughout their lifecycle. This trend is particularly evident in the rise of services that focus on vehicle customization and performance enhancement, reflecting a shift towards a more personalized driving experience.

Service Type Analysis

The passenger cars aftermarket service market is segmented by service type into mechanical, electrical, electronic, exterior, and interior services. Mechanical services dominate the market due to the high demand for routine maintenance, engine repairs, and brake services. As engines and other mechanical components are subject to wear and tear, regular maintenance and repair services are essential to ensure the vehicle's longevity and performance.

Electrical services are also a significant segment, driven by the increasing complexity of modern vehicles. Electrical systems, including lighting, wiring, and charging systems in electric vehicles, require specialized knowledge and tools for maintenance and repairs. The growing adoption of electric and hybrid vehicles is further boosting the demand for skilled e

The global passenger car aftermarket service market is experiencing robust growth, driven by an aging vehicle fleet, increasing vehicle complexity, and a rising preference for vehicle maintenance over replacement. The market size in 2025 is estimated at $500 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the increasing average age of vehicles globally leads to a higher demand for repairs and maintenance services. Secondly, modern vehicles incorporate advanced technologies, making repairs more specialized and expensive, thus contributing to market expansion. Lastly, consumers are increasingly opting for cost-effective maintenance and repair options rather than purchasing new vehicles, particularly in the face of economic uncertainty or rising new car prices. This trend significantly boosts the demand for aftermarket services. The segment is further segmented by service type (cleaning, general repair, overhaul) and vehicle type (passenger cars, vans, SUVs, pickup trucks). Passenger cars constitute the largest segment, reflecting their higher penetration rates globally. Within the passenger car segment, the general repair and maintenance sub-segment dominates, driven by routine servicing needs and the relatively lower cost compared to overhauls. However, the overhaul segment is projected to witness faster growth due to the increasing age and mileage of vehicles in operation. Geographically, North America and Europe currently hold the largest market share, benefiting from a high density of vehicles and a well-established aftermarket infrastructure. However, rapidly developing economies in Asia-Pacific, particularly China and India, are emerging as significant growth hotspots, driven by expanding vehicle ownership and increasing disposable incomes. The competitive landscape is characterized by a mix of large multinational corporations and smaller, regional players, catering to diverse needs and service levels. Companies like Dynatrade, Allison Transmission, and ZF Friedrichshafen AG are key players, while numerous independent garages and specialized workshops also contribute significantly to the market's vibrancy.

Passenger Cars MRO Market Outlook

The global passenger cars MRO (Maintenance, Repair, and Overhaul) market size was valued at approximately USD 150 billion in 2023 and is projected to reach USD 210 billion by 2032, growing at a CAGR of around 3.8% during the forecast period. The continuous growth of the automotive industry, coupled with increasing vehicle longevity and consumer awareness regarding vehicle maintenance, is driving this market expansion.

The expanding fleet of passenger cars globally is one of the significant growth factors for the MRO market. With more vehicles on the road, the demand for maintenance and repair services naturally increases. Moreover, the aging of the global car fleet means more vehicles are falling out of warranty periods provided by manufacturers, which pushes owners towards independent service providers and aftermarket services for cost-effective maintenance solutions. This trend is notably observed in mature markets such as North America and Europe, where the average age of vehicles is steadily increasing.

The rapid technological advancements in the automotive sector also fuel the growth of the MRO market. Modern passenger cars are equipped with advanced electronic systems, which require specialized maintenance and repair services. The integration of IoT, AI, and telematics in vehicles has led to the development of predictive maintenance solutions, which are becoming increasingly popular among consumers for their ability to prevent major breakdowns and reduce repair costs. These technological advancements are expected to continue driving the demand for specialized MRO services in the coming years.

Additionally, the increasing emphasis on safety and environmental regulations is propelling the demand for regular vehicle maintenance and repair services. Governments across various regions are implementing stringent emission norms and safety standards, which necessitate regular vehicle inspections and maintenance to ensure compliance. This regulatory environment encourages vehicle owners to adopt preventive maintenance practices, thereby boosting the MRO market. The trend is particularly strong in regions such as Europe, where regulatory frameworks are highly developed.

The role of Automotive Repair And Maintenance Services in the MRO market is becoming increasingly significant as vehicle owners seek reliable and cost-effective solutions for maintaining their cars. These services encompass a wide range of offerings, from routine maintenance tasks such as oil changes and brake inspections to more complex repairs involving engine and transmission systems. The growing complexity of modern vehicles, with their advanced electronic components and systems, necessitates specialized skills and equipment, which these services are well-equipped to provide. As a result, the demand for professional automotive repair and maintenance services is on the rise, driven by the need for expertise and the assurance of quality service.

From a regional perspective, the Asia Pacific region is witnessing robust growth in the passenger cars MRO market, driven by rapid urbanization, rising disposable incomes, and a burgeoning middle class. Countries like China and India are experiencing a significant increase in vehicle ownership, which, in turn, drives the demand for MRO services. Similarly, Latin America shows promising growth due to improving economic conditions and increasing vehicle sales. However, the market in North America and Europe is relatively mature but continues to grow steadily due to the aging vehicle fleet and high consumer awareness regarding vehicle maintenance.

Service Type Analysis

Engine overhaul services constitute a substantial segment of the passenger cars MRO market. Engine maintenance is critical for the longevity and performance of a vehicle, and this segment encompasses a wide range of services including complete engine rebuilds, part replacements, and performance enhancements. The increasing complexity of modern engines, with their advanced fuel injection systems and turbochargers, necessitates specialized skills and equipment for maintenance, thereby driving the demand for professional engine overhaul services. Additionally, the growing trend of remanufactured and refurbished engine parts offers a cost-effective solution for vehicle owners, further propelling the segment's growth.

Transmission services are another vital part of the MRO market. Tr

With after-sales services and vehicle maintenance improvement, passenger cars grew to 6.6 years old on average in 2020, yet comparatively younger than the European and North American markets. China's average age of passenger vehicles was projected to increase steadily to 8.7 years by 2030.

The US Automotive Engine Oil Market size was valued at USD 6.36 Billion in 2024 and is projected to reach USD 7.17 Billion by 2032, growing at a CAGR of 1.9% from 2026 to 2032

Key Market Drivers:

Increasing Vehicle Fleet and Miles Driven: The growing vehicle fleet in the United States, as well as increased vehicle miles travelled (VMT), directly influence engine oil consumption. According to the Federal Highway Administration of the United States Department of Transportation, Americans will drive 3.27 trillion miles in 2022, up 0.9% from 2021.

Extended Vehicle Age and Maintenance Requirements: The average age of automobiles on US roadways is increasing, demanding more regular oil changes and maintenance.

The Auto Extended Warranty Providers industry has climbed over the past five years. Industry servicers provide automobile owners warranties that extend past the warranty a car's manufacturer provides for a new vehicle. Participants in this industry include car manufacturers, car dealers and other third-party warranty providers. During the period, the industry has benefited from the average age of the vehicle fleet in the United States increasing, as consumers typically purchase auto extended warranties or vehicle service contracts after their manufacturing warranty expires. In addition, despite an increase in per capita disposable income, new car sales fell due to the negative impact of the pandemic and inflationary pressures in the latter part of the current period, limiting industry growth. Overall, industry revenue increased at a CAGR of 1.0% to $22.0 billion over the past five years, including an expected 0.9% increase in 2024 alone. Evolving trends in warranty plans offered by auto manufacturers and dealerships have led to increased competition for third-party auto extended warranty providers. Automobile manufacturers are increasingly offering more comprehensive warranty plans, making extended warranties less attractive. To stay competitive with extended warranty offerings from auto manufacturers and dealerships, third-party providers were forced to cut prices. Additionally, increased competition within the industry has led to some merger activity among the largest operators. These mergers look to achieve economies of scale that allow the new company to more competitively price policies. Nonetheless, rising inflationary pressures that ate into consumers' purchasing power lowered their propensity to acquire vehicles, causing industry profit to slump. Over the next five years, the industry is poised to rebound in large part due to rebounding economic conditions. An increase in the average age of the vehicle fleet, per capita disposable income and new car sales are all expected to support the industry. Nonetheless, growth is expected to be pressured early in the period as high inflation is expected to be persistent. In addition, industry servicers may be challenged as price-based competition increases. Overall, industry revenue is expected to grow at a CAGR of 2.3% to $24.7 billion over the next five years.

Passenger Car Subframe Market Outlook

The global passenger car subframe market size was valued at approximately USD 5.5 billion in 2023 and is projected to reach around USD 8.2 billion by 2032, expanding at a compound annual growth rate (CAGR) of 4.4% during the forecast period. This growth can be attributed to several factors including advancements in automotive technology, increasing emphasis on vehicle safety and performance, and the rising production of passenger cars globally.

One of the principal growth factors driving the passenger car subframe market is the rapid advancement in automobile manufacturing technologies. The shift towards lightweight materials such as aluminum and carbon fiber to enhance fuel efficiency and reduce emissions is gaining traction. This trend is further bolstered by stringent governmental regulations aimed at reducing carbon footprints and promoting cleaner transportation solutions. As manufacturers seek to comply with these regulations, the demand for innovative subframe materials and designs is expected to rise significantly.

Another significant factor contributing to market growth is the increasing consumer preference for high-performance vehicles. Subframes play a critical role in ensuring the structural integrity and handling characteristics of a car. With the growing popularity of SUVs and premium sedans, which demand superior performance and safety features, the need for robust and reliable subframe systems is escalating. This is encouraging manufacturers to invest in research and development activities to produce subframes that enhance vehicle dynamics while ensuring passenger safety.

The burgeoning automotive aftermarket is also a vital driver for the passenger car subframe market. As the average age of vehicles on the road increases, the demand for replacement parts, including subframes, is witnessing a steady rise. The aftermarket segment provides significant growth opportunities for manufacturers, especially in regions with a high concentration of older vehicles. Additionally, the trend of vehicle customization among car enthusiasts is further propelling the demand for aftermarket subframes.

From a regional perspective, Asia Pacific dominates the passenger car subframe market, with countries like China and India leading in vehicle production and sales. The region's robust automotive industry, coupled with favorable government initiatives to promote electric vehicles, is fostering market growth. North America and Europe are also key markets, driven by the presence of established automotive manufacturers and a high rate of technological adoption. The Middle East & Africa and Latin America, although smaller in market size, are expected to show promising growth owing to rising disposable incomes and increasing vehicle ownership rates.

Material Type Analysis

The material type segment of the passenger car subframe market includes steel, aluminum, magnesium, carbon fiber, and others. Steel has traditionally been the dominant material due to its cost-effectiveness and structural strength. However, the shift towards lightweight materials to enhance fuel efficiency is gradually changing the market dynamics. Steel subframes are known for their durability and ability to withstand significant stresses, making them a preferred choice for many manufacturers, especially in the economy segment of passenger cars.

Aluminum is gaining popularity as an alternative to steel owing to its lightweight characteristics and good corrosion resistance. The automotive industry’s focus on reducing vehicle weight to improve fuel efficiency and lower emissions is driving the demand for aluminum subframes. Although aluminum is more expensive than steel, its benefits, such as improved performance and fuel savings over the vehicle's lifespan, are contributing to its increased adoption in mid to high-end passenger cars.

Magnesium, while less common, offers the advantage of being even lighter than aluminum. It is being increasingly used in high-performance and luxury vehicles where weight reduction is crucial for achieving superior handling and acceleration. Despite its higher cost and certain manufacturing challenges, the potential performance benefits are fostering research into more cost-effective production methods for magnesium subframes.

Carbon fiber represents the pinnacle of lightweight materials in automotive applications. Although it is the most expensive of the materials listed, it offers unmatched strength-to-weight ratios, making it ideal for perf

Online automotive parts and accessories retailers have reaped robust growth through the current period, particularly as consumers accept online shopping models. As a result, many traditional brick-and-mortar retailers have invested in omnichannel sales systems that take advantage of their distribution infrastructure. Traditional auto parts retailers with online shopping experiences have been able to fend off fully e-commerce-based companies. Specialization in auto parts and the ability to order online and pick up merchandise in-store have enabled auto parts retailers to capture a growing share of online purchases. Overall, revenue has climbed at an expected CAGR of 5.8% to $6.5 billion through the current period, including a 2.2% jump in 2024, where profit reached 9.8% As a subsection of the overall auto parts retail market, the industry has largely grown in line with auto parts retailers. As incomes rise, consumers purchase more cars and spend more on noncritical replacement parts. The number of motor vehicles registered in the United States has grown steadily along with the average age of vehicles, expanding the portion of the vehicle fleet in the repair-and-replacement age range. However, the wider trend towards online retailing accelerated in 2020 amid the COVID-19 pandemic, enabling the online subsegment to outpace brick-and-mortar retailers; this, along with supply chain issues limiting supply for new and used cars, shifted demand toward repairs, supporting growth. However, supply chain disruptions also led to higher input costs, pressuring profit. The industry will continue to expand as more consumers and companies conduct business online. Similarly, increased disposable income will support greater sales of replacement auto parts. In particular, retailers will see demand from hobbyists and car collectors surge, especially as classic car ownership rises among younger generations. In general, online stores will give consumers more pricing power and alternatives compared with brick-and-mortar stores, facilitating growth. Overall, revenue will expand at an expected CAGR of 3.8% to $7.8 billion through the outlook period, where profit will reach 10.3%.