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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. —Mark Seng, director, aftermarket solutions and global aftermarket practice leader at IHS Automotive. In comparison, a record high of more than 14 million vehicles were scrapped in 2012.

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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

Green Car Congress

New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. Scrappage is defined by a vehicle being taken out of the fleet and no longer in use. —Mark Seng, global aftermarket practice leader at IHS Automotive.

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Drive Electric Submission Land Transport (Clean Car) Amendment Bill

Drive Electric

Scrappage schemes. Presently, there is a limit to global EV supply and preferential supply is going to markets with strict emissions standards and consumer incentives. Globally, 500 EV models are now on the market, ranging from compact cars and two-seaters through to large sedans, SUVs, and sportscars. FBT, depreciation); and.

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Will you save money if you buy a green car? The Green Piece

Green Cars News

With millions of motorists across the country continuing to reel from the global economic crisis, predictions that petrol prices could hit 120p a litre by the end of the year are having a significant impact on our vehicle buying habits. However, will green cars really save you money? The Green Piece. September 15, 2009.