Americans are keeping their cars longer amid rising interest rates
Cars, trucks, SUVs, and other vehicles drive in traffic on the 405 freeway through the Sepulveda Pass in Los Angeles, California, on August 25, 2022.Patrick T. Fallon | AFP | Getty ImagesDETROIT — The average age of passenger vehicles on U.S. roadways climbed to a record this year, as car owners hold on to their vehicles longer amid low supplies of new vehicles and sky-high prices.The average age of a light-duty vehicle on U.S. roads rose by more than three months — the highest year-over-year increase since the Great…