Remove 2009 Remove Auto Remove Automobile Remove Scrappage
article thumbnail

Euro Auto Production Down 35% in First Quarter 2009; Second Half Production May be Down 25%; Small Cars Hit New Record Share

Green Car Congress

In the first quarter of 2009, automotive production in Europe fell by 35% to 3.4 million vehicles, according to the latest Economic Report from the European Automobile Manufacturers Association (ACEA). in the first five months of 2009, surpassing the record of 38.8% ACEA Economic Report , 1Q 2009. Source: ACEA.

2009 150
article thumbnail

Study: Cash-for-Clunkers Programs Should Use Fuel Economy Rather Than Age to Maximize GHG Reductions

Green Car Congress

A study by researchers at UC Davis suggests that a properly designed vehicle scrappage (i.e., The study also suggests that a long-term Cash-for-Clunkers program may be more suitable to CO 2 e reduction because with such a program policymakers could send a clear, long-term signal to auto manufacturers for more fuel-efficient vehicles.

article thumbnail

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

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. New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. percent of the fleet.

2015 150
article thumbnail

It is good to be small as auto market stumbles

Green Cars News

In the first quarter of the year, production fell to just 3.4million vehicles according to new statistics from the Economic Report from the European Automobile Manufacturers Association (ACEA). Indeed even though schemes such as the vehicle scrappage concept have helped segments of the market, overall vehicle demand went down further as well.

Market 39