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Average price of new light vehicles in US hit high in 2016; driven up by trucks; cars moving in opposite direction

Green Car Congress

The average price of a new light vehicle (including both cars and light trucks) was up to a record $31,790 in 2016, up from the most recent low of $28,243 in 2008. Twenty years ago, prices for cars and light trucks were similar, but car prices have steadily decreased while truck prices have increased.

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IHS Markit: average age of cars and light trucks in US rises again in 2019 to 11.8 years

Green Car Congress

The average age of light vehicles in operation (VIO) in the US has risen again this year to 11.8 From 2002-2007, the average age of light vehicles in the US increased by 3.5%. From 2008-2013, however, the increase was 12.2%. growth in 2016. The oldest light vehicles are found in the West at 12.4 —Mark Seng.

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IHS cuts 2015 light vehicle sales forecast in China to 23.4 million; deeper cut for 2016

Green Car Congress

IHS revised downward its forecast for light vehicle sales in China, projecting a decline of 3 to 4 percent from previous estimates for 2015. IHS Automotive has reduced its full year 2015 light vehicle sales forecast for China to 23.4 Source: IHS Automotive, September 2015 Light Vehicle Sales Forecast. Click to enlarge.

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IHS Markit: average age of light cars and trucks in US rises again in 2016 to 11.6 years; record number in operation

Green Car Congress

The average age of light vehicles in operation (VIO) in the US has once again climbed slightly this year, to 11.6 Registrations for light VIO, including cars and light trucks (SUVs/CUVs as well) in the US also reached a record level of more than 264 million—an increase of more than 6.2 million (2.4%) since last year.

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Gasoline consumption per capita in 2020 was on par with that in 1965

Green Car Congress

Not coincidentally, the first Corporate Average Fuel Economy (CAFE) standards for new cars and light trucks became effective with 1978 model-year vehicles. Total consumption (millions of gallons). Consumption per capita (gallons). The maximum consumption per capita (505 gallons) was reached in 1978.

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EPA fuel economy report finds weight and power leveling off, footprint stable

Green Car Congress

EPA recently released the latest edition of its annual report Light-Duty Automotive Technology, Carbon Dioxide Emissions and Fuel Economy Trends. Model year (MY) 2016 vehicle fuel economy was 24.7 Average new vehicle horsepower (hp) was also basically unchanged in MY 2016, as the average vehicle was 1 hp higher than MY 2015.

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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

The combined average age of all light vehicles on the road in the US has climbed slightly to 11.5 Registrations for light VIO in the US also reached a record level of 257,900,000—an increase of more than 5.3 Average age for both passenger cars and light trucks increased just slightly in 2015, and both now stand at 11.5

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