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
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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