The surging new-vehicle supply, after two-plus years of diminished inventory, could further boost expansion of the used-vehicle fleet and bring more high-mileage vehicles into service bays. While new-vehicle production is expected to grow, inflation and high interest rates are keeping many car buyers away from showroom floors and toward the used-car lot instead.
The share of 7-year-old vehicles in operation is expected to decline through 2028, but vehicles more than 8 years old will grow by 25 million in the
