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Mayor of London expanding Ultra Low Emission Zone London-wide; new £110M scrappage scheme

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Euro 6 for diesel cars and vans (widely available since 2016). Among other improvements, the expansion is forecast to make further progress to reduce air pollution, by reducing NO x emissions from cars and vans in outer London by 10% and 7% respectively, and reducing PM 2.5 Vehicles that do not meet the standards must pay a £12.50

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

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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 Markit: average age of cars and light trucks in US rises to 12.1 years

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COVID-19 and its impact across the US caused a reduction in new vehicle sales as well as a sudden increase in vehicle scrappage, which was a catalyst for increased velocity in the growth of the average age of light vehicles. million according to current forecasts, which can be expected to mute average age growth.

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

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. million units.

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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

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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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Global NCAP calls for universal application of minimum vehicle safety standards in all world markets by 2020

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The global vehicle fleet reached 1 billion units in 2010 and is forecast to double in the next ten to fifteen years, with much of this increase occurring in low and middle income countries which account for 90% of total road deaths. 94 & 95 or FMVSS 208 & 214) to all their new models from 2016.

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