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. —Mark Seng, director, aftermarket solutions and global aftermarket practice leader at IHS Automotive. This while VIO is up 1.5%, a rate the auto industry hasn’t seen in the US since 2004-2005.
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