CarScoops

Americans Are Holding Onto Older Cars as New-Vehicle Prices Push Buyers to the Sidelines

A growing share of U.S. motorists is choosing to repair and retain older vehicles rather than absorb the cost of a new car, a shift that is rippling through the auto market and broader consumer economy. The trend underscores how elevated prices, financing costs and tighter household budgets are reshaping demand, with implications for automakers, dealers and investors watching the sector.