United States on pace for record used auto sales

New data from IHS Market shows the average age of vehicles in the U.S. has climbed to an all-time high of 11.9 years. Not only that, with the COVID-19 hit to the economy prompting Americans to hang onto their car longer the average age of vehicles will continue climbing over the next several years. CNBC's Phil LeBeau reports how auto retailers are cashing in on this trend.
Tue, Jul 28 20208:11 AM EDT