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

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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 percent, compared with its previous forecast of 4.4 percent year-over-year growth.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million, an increase of 2.4%

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

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In addition, new vehicle registrations outpaced scrappage by more than 24% for the first time in a decade, according to the analysis. Looking ahead, IHS forecasts that average age of vehicles is likely to remain at 11.4 years through 2015, then rise to 11.5 million (1.5 percent) since last year. years by 2017 and 11.7

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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

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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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Study: fully self-driving cars could result in fewer cars, but more miles driven per car

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years and the assumption that the underlying scrappage rate are largely functions of overall wear-and- tear and total mileage, then a 75% increase in annual mileage per vehicle could reduce this average on-road age to approximately 6.5 Autonomous driving Forecasts' Given the current average on-road vehicle age of 11.4 years. ….

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Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

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Polk forecast, millions of units. Global automotive market intelligence firm Polk forecasts worldwide new vehicle sales in 2012 will rise 6.7% million vehicles, but the analysts do not expect the US market to achieve pre-recession levels of greater than 16 million vehicles per year until 2015. Click to enlarge. million vehicles.

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