IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining
Green Car Congress
JUNE 9, 2014
The combined average age of all light vehicles on the road in the U.S. Total light vehicles in Operation (VIO) in the US reached a record level of more than 252,700,000—an increase of more than 3.7 In addition, new vehicle registrations outpaced scrappage by more than 24% for the first time in a decade, according to the analysis.
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