S&P Global Mobility reports auto loan delinquency exceeded recession-era highs in the first quarter.
S&P Global Mobility research finds the average age of gas-powered U.S. cars and light trucks has climbed to 12.5 years.
Milestone for EV maker in 2022 Automotive Loyalty Awards, reported S&P Global Mobility.
S&P research shows the average vehicle age rose to 12.2 years in 2022, representing a 2% increase from 2021.
Supply chain challenges rising from the war in Ukraine could make electric vehicles (EV) more expensive to build as raw material prices shoot up.
The Ukraine War will lower global light-duty vehicle production through next year by millions of units, predicts the automotive research firm.
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