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S&P Global Mobility: average age of light vehicles in US hits record high 12.5 years

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years, up by more than three months over 2022, according to the latest analysis from S&P Global Mobility. It also reflects the highest yearly increase since the 2008-2009 recession, which caused acceleration in average age beyond its traditional rate due to the sharp decline in new-vehicle sales demand. million units to 13.9

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EIA: high prices for natural gas this winter as global consumption remains high and inventories low

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The US Energy Information Administration (EIA) expects higher-than-average natural gas prices globally as demand remains high this winter in the United States, Europe, and Asia, and inventories remain low. That price will be the highest inflation-adjusted monthly average price since 2008. EIA estimates that US households consumed 1.7%

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Lucintel forecasts global automotive sensors industry to reach approximately $18.8B in 2017; 9.3% CAGR

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Lucintel, a mass transportation consulting and market research firm, forecasts that the global automotive sensors industry will reach approximately $18.8 The global automotive sensor industry is characterized by increasing electronic content in vehicles, shaping optimistic growth trends for 2012-2017 for power train and safety sensors.

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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

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The magnitude of gasoline demand decline will be much greater than the impact of the 2008 recession and could be further protracted depending on how effective social distancing measures are at controlling the spread of the COVID-19 virus. during the global recession in 2008/2009. IHS Markit forecasts 2020 US auto sales to be 14.4

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IHS Markit: global auto sales to drop 22% this year

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IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3

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Forecast: Global Natural Gas Vehicle Fleet to Reach 17 Million by 2015

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A new report from Pike Research forecasts that the global natural gas vehicle (NGV) sector is poised for a new period of growth. The cleantech market intelligence firm forecasts that the number of NGVs on the road worldwide will grow to 17 million vehicles by 2015, up from 9.7 million in 2008. between 2008 and 2015.

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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. IHS Markit expects global GDP to grow by 3.4%

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