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. This rate of growth is slowing as compared to the last five years due to the substantial increase in new vehicle sales. million (1.5 percent) since last year. years through 2015, then rise to 11.5
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