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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

The 40 percent drop in new vehicle sales due to the recession created an acceleration in average age like we’ve never seen before. 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% million (2.2%) since 2018. growth in 2016.

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IHS Markit: average age of light cars and trucks in US rises again in 2016 to 11.6 years; record number in operation

Green Car Congress

years, according to IHS Markit, a provider of business information and analysis for the global automotive industry. Registrations for light VIO, including cars and light trucks (SUVs/CUVs as well) in the US also reached a record level of more than 264 million—an increase of more than 6.2 million (2.4%) since last year.

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Rivian IPO: What you need to know

Teslarati

And as the company approached the production of the R1T pickup truck and R1S SUV, its losses grew. “Above $70,000, the global addressable market for Rivian’s SUV and pickup is less than 1.5 Schwab served as Rivian’s Vice President of Sales and Marketing during her tenure with the company.

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At Home with Bob Lutz

Revenge of the Electric Car

Since we only had two days in Detroit, we weren’t able to do much more sightseeing, but we did meet Bishop Ellis, who heads Greater Grace Temple and famously held a “bailout” service for the auto industry in his mega-church with SUVs at the altar.

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News: 2023 Fisker Ocean Introduced

Clean Fleet Report

The production-ready 2023 Fisker Ocean debuted at the 2021 Los Angeles Auto Show to an interested group of industry insiders and journalists. Henrik Fisker revealed his plans to shake-up the electric SUV category with the all-new, all-electric Ocean. Things are getting interesting, folks. Story by John Faulkner.

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A 100 m.p.g. truck? A Bright IDEA | Freep.com | Detroit Free Press

Tony Karrer Delicious EVdriven

Three years ago, the magazine Popular Mechanics even wrote an article prodding the auto industry for not building the 100 m.p.g. Now, of course, Bright Automotive is ready to unveil the IDEA, with the expectation it will have 50,000 ready for sale in 2013. • MORE: "How to Build a 100 Mile-Per-Gallon Car. Yep, a truck.

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China puts its electric vehicles on center stage - China automotive news

Tony Karrer Delicious EVdriven

Chevrolet Volt plug-in hybrid, which is expected to sell for $40,000 when it goes on sales in the U.S. Chinese auto makers also showed other types of "new energy" vehicles, including regular gasoline-electric hybrids to compete with Toyota Motor Corp.s Gasgoo.com | ?? | in late 2010. Prius hybrid.

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