Auto Industry, Comparison and Scrappage

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Auto Industry

Comparison

Scrappage

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

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. In comparison, a record high of more than 14 million vehicles were scrapped in 2012. This while VIO is up 1.5%, a rate the auto industry hasn’t seen in the US since 2004-2005. million (1.5

Scrappage

Scrappage Vehicles Auto Industry Light

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

JULY 29, 2015

million (2.1%) since last year and the highest annual increase the auto industry has seen in the US since IHS began tracking VIO growth. New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. percent of the fleet.

2015

2015 Light Scrappage Vehicles

EV Driven

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

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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