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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

This represents one of the highest annual increases the US auto industry has seen since IHS Markit began tracking VIO growth—second only to the 2.3% from 2018-2019 while in the Midwest they aged by just 0.4%. From 2018-2019, the average age of passenger cars increased 2.2% million (2.2%) since 2018. growth in 2016.

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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

years by 2019. This rate of growth is slowing as compared to the last five years due to the substantial increase in new vehicle sales. This while VIO is up 1.5%, a rate the auto industry hasn’t seen in the US since 2004-2005. Looking ahead, IHS forecasts that average age of vehicles is likely to remain at 11.4

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Convincing Consumers To Buy EVs

Cars That Think

Many in the auto industry are warning that realistic BEV range numbers under varying conditions need to be widely published , else risk creating a backlash against EVs in general. Range risk concerns obviously are tightly coupled to EV charging availability. Currently, EV reliability is nothing to brag about.

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