Green Car Congress

SEPTEMBER 11, 2015

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.

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SEPTEMBER 5, 2021

The Voluntary Vehicle Fleet Modernisation Programme, often known as the vehicle scrappage program, was launched on August 13 by Prime Minister Narendra Modi. . The Vehicle Scrappage Policy’s Highlights. Although post-Diwali sales in 2020 have helped to improve the industry, the situation remains worrying.

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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. years through 2015, then rise to 11.5 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.

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Scrappage Vehicles Auto Industry Light 210

Green Car Congress

FEBRUARY 3, 2015

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5%

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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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2015 Light Scrappage Vehicles 150

Green Car Congress

JANUARY 3, 2012

Global automotive market intelligence firm Polk forecasts worldwide new vehicle sales in 2012 will rise 6.7% Polk expects China to make the largest contribution to global sales growth for new vehicles, with an anticipated 16% increase over 2011. Polk expects light-duty vehicle sales in the US to grow at a moderate pace, with a 7.3%

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