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IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining

Green Car Congress

The combined average age of all light vehicles on the road in the U.S. Total light vehicles in Operation (VIO) in the US reached a record level of more than 252,700,000—an increase of more than 3.7 In addition, new vehicle registrations outpaced scrappage by more than 24% for the first time in a decade, according to the analysis.

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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

The combined average age of all light vehicles on the road in the US has climbed slightly to 11.5 Registrations for light VIO in the US also reached a record level of 257,900,000—an increase of more than 5.3 Registrations for light VIO in the US also reached a record level of 257,900,000—an increase of more than 5.3

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

Green Car Congress

The size of the contraction of the Russian car market remains a significant wild card that will impact the European market throughout the year, according to the analysis, while other countries in the region continue to recover at a rate of 2.5 in 2014 as a result of industrial overcapacity and weakness in the real estate sector.

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