Potential Trend Change In American Driving HabitsApril 10, 2015
The second half of 2014 and the first month of 2015 (latest data available) shows a significant increase in total miles driven and total miles driven per capita. Total miles driven on an annual basis has reached an all-time high. The 2.12% year-over-year change is the largest YoY change in nearly 10-years (Feb 2005). And the one-quarter, annualized change (8.34%) is the largest increase since 1979.
Total miles driven adjusted for driving age population is still well below the all-time peak set in 2005. However, after a decade of steady declines, a “higher low” seems to be in place. The year-over-year change in total miles per capita is also nearly at a 10-year high. The one-quarter, annualized change is at its highest level since 1978.