3 Auto Stocks to Capitalize on Aging U.S. Vehicles (Revised)
DORMDorman(DORM) zacks.com·2024-05-24 01:10

Per the latest report released by S&P Global Mobility, the average age of U.S. vehicles hit a new record of 12.6 years in 2024, an increase of two months from 2023. This marks the seventh consecutive year of rising average vehicle age in the United States. With vehicles aging, the demand for repairs and maintenance rises, creating more opportunities for companies involved in the aftermarket and vehicle service industries. Dorman Products (DORM) , Rush Enterprises (RUSHA) and Genuine Parts (GPC) stand out as ...