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
JULY 29, 2015
years, based on a snapshot of vehicles in operation (VIO) taken 1 January 2015, according to IHS Automotive. New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. Looking ahead, IHS forecasts that average age is likely to hit 11.6
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