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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

In addition, new vehicle registrations outpaced scrappage by more than 24% for the first time in a decade, according to the analysis. This rate of growth is slowing as compared to the last five years due to the substantial increase in new vehicle sales. million (1.5 percent) since last year.

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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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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. years in 2016 but not reach 11.7

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Disruptive tech, sustainability agenda driving India’s auto INC | Autocar Professional

Baua Electric

With a mature manufacturing ecosystem, India is poised to contribute to global sustainable mobility solutions, fostering both domestic and international growth in the auto industry. The electrification of vehicles in India has gained remarkable momentum, surpassing one million EV sales in the first nine months of 2023.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. in 2014 as a result of industrial overcapacity and weakness in the real estate sector. million, an increase of 2.4%

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Obama Outlines Next Steps for GM and Chrysler

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Members of the Presidential Task Force on the Auto Industry will work with GM on the new, more stringent, plan, the President said, who also noted the resignation of GM CEO Rick Wagoner as an outcome of the process. am confident that GM can rise again, providing that it undergoes a fundamental restructuring. ”. Earlier post.).

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Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. At least that was until analysts started to delve a little deeper. So is this scheme green at all?