IHS: average age of light vehicles in US rises slightly in 2015 to 11.5 years; length of new vehicle ownership hits record high
Green Car Congress
JULY 29, 2015
million (2.1%) since last year and the highest annual increase the auto industry has seen in the US since IHS began tracking VIO growth. As long as we have tracked average age, it has gradually risen over time due to the increasing quality of automobiles. Looking ahead, IHS forecasts that average age is likely to hit 11.6
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