IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining
Green Car Congress
JUNE 9, 2014
We attribute this to a number of factors, including the economy and the increasing quality of today’s automobiles. This while VIO is up 1.5%, a rate the auto industry hasn’t seen in the US since 2004-2005. —Mark Seng, director, aftermarket solutions and global aftermarket practice leader at IHS Automotive.
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