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IHS cuts 2015 light vehicle sales forecast in China to 23.4 million; deeper cut for 2016

Green Car Congress

IHS revised downward its forecast for light vehicle sales in China, projecting a decline of 3 to 4 percent from previous estimates for 2015. IHS Automotive has reduced its full year 2015 light vehicle sales forecast for China to 23.4 percent, compared with its previous forecast of 4.4 percent year-over-year growth.

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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

New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. Scrappage is defined by a vehicle being taken out of the fleet and no longer in use. Looking ahead, IHS forecasts that average age is likely to hit 11.6 until 2018.

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Scrappage scheme boosts August car sales

Green Cars News

The car scrappage scheme continues to boost car registrations as sales rose 6.0 The second successive month of growth within the motor industry, August’s sales of 67,006 vehicles build on the 2.4 However the market performed better than the SMMT had expected in August, turning a forecast 6.0 per cent and 16.9