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IHS Markit: average age of cars and light trucks in US rises to 12.1 years

Green Car Congress

COVID-19 and its impact across the US caused a reduction in new vehicle sales as well as a sudden increase in vehicle scrappage, which was a catalyst for increased velocity in the growth of the average age of light vehicles. of VIO for the whole year. —Todd Campau.

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IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining

Green Car Congress

In addition, new vehicle registrations outpaced scrappage by more than 24% for the first time in a decade, according to the analysis. In comparison, a record high of more than 14 million vehicles were scrapped in 2012. million (1.5 percent) since last year.

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Will the scrappage extension do any good? The Green Piece

Green Cars News

The Green Piece: Tuesday 6 October, 2009. The UK’s car scrappage scheme may have been dubbed a resounding success by the majority of car manufacturers and consumers alike, but it hasn’t won plaudits from all corners. There are ominous questions looming too, as to what the motor industry will do when the scrappage scheme ends.

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Scrappage scheme slashes CO2 levels

Green Cars News

The scrappage scheme has put the car industry on track to meet the EU target of 130g/km of CO2 by 2012. That’s the verdict of Clean Green Cars , which launched an investigation that found that average new car CO2 fell by 5.5

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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

New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. Scrappage is defined by a vehicle being taken out of the fleet and no longer in use. In comparison, a record high of more than 14 million vehicles were scrapped in 2012.

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Hyundai plans green growth investment

Green Cars News

Hyundai, which has already enjoyed great success in the UK since the implementation of the scrappage scheme , has now announced plans to invest W9.3trillion this year with W4.1trillion to go towards green growth projects. It has also outlined the aim to become one of the top four green car companies in the world.

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Resounding success or a piece of scrap? The Green Piece

Green Cars News

The Green Piece - Tuesday 23rd June 2009. Since the introduction of Britain’s vehicle scrappage scheme, everything appears rosy for the country’s automotive industry once more. Ostensibly, the scrappage scheme has been presented as an incentive to buy less polluting cars and therefore reduce damage to the environment.

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