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. The average age is in line with the trend shift first seen in 2013, in which the combined fleet of cars and light trucks on the road is older than ever. million (1.5 percent) since last year.
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