Summary:

- The average age of vehicles in the U.S. has reached a record high of 12.2 years, indicating that people are keeping their cars for longer periods.
- This trend is driven by several factors, including the high cost of new vehicles, the economic impact of the pandemic, and supply chain issues affecting the availability of parts and new cars.
- While keeping older cars on the road can save money in the short term, it also means higher maintenance costs and the potential for more breakdowns, which can be a burden for many consumers struggling with inflation and other financial pressures.