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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

The small car segment has increased its share. In the first quarter of 2009, automotive production in Europe fell by 35% to 3.4 While fleet renewal schemes (vehicle scrappage) have helped segments of the passenger car market in some countries, overall vehicle demand in Europe went further down as well. Source: ACEA.

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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.

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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

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.

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Ford to sweeten scrappage deal – but is it green?

Green Cars News

Unsurprisingly there is still frenzied interest in the announcement of a vehicle scrappage scheme by Alistair Darling as part of his 2009 Budget. The so-called Scrappage Plus discounts will be available over and above the Government and industry’s shared £2,000 subsidy. Sound good? Well, there is a catch.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. million, an increase of 2.4% North America.

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It is good to be small as auto market stumbles

Green Cars News

As automotive production in Europe falls by a whopping 35 per cent, small cars have reached a new record high market share reflecting consumer concerns about the general economy and the environment. Nevertheless, small cars reached a market share of 44.9 per cent. per cent over the whole of 2008.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

Part of the swing in culture has been a downturn in new car sales. It seems a spark is needed to get us back to the showrooms – so are the leading manufacturers right to put their faith in green cars? Honda too has pinned its recovery hopes on green cars, pushing both hybrid and hydrogen fuel cell technology. Averting a slump.