According to auto industry analyst Jim Lang's recent report, domestic nameplate cars across the U.S. averaged 14.8 years of age at the outset of 2020, establishing a new record.
A company that tracks data on roadside assistance requests noted that, as of recently, traffic volume trends in states like California and Texas were still significantly below pre-pandemic levels.
On Wednesday night, the U.S. Senate passed the House version of new Paycheck Protection Program legislation, thus lengthening the time for loan recipients to spend the funds and still qualify for forgiveness of the loans.
