IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining
Green Car Congress
JUNE 9, 2014
In addition, new vehicle registrations outpaced scrappage by more than 24% for the first time in a decade, according to the analysis. We attribute this to a number of factors, including the economy and the increasing quality of today’s automobiles. Looking ahead, IHS forecasts that average age of vehicles is likely to remain at 11.4
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