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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. 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

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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

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.

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Car depreciation set to burst scrappage scheme bubble

Green Cars News

Car buyers, set to take advantage of the UK’s £2,000 scrappage incentive, to be launched on Monday, could find that the benefit of the scheme wiped out in depreciation within just 88 days of purchasing a new vehicle. million motorists tempted to cash in on the scheme, these consumers are set to lose a total of £12.5

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Resounding success or a piece of scrap? The Green Piece

Green Cars News

Since the introduction of Britain’s vehicle scrappage scheme, everything appears rosy for the country’s automotive industry once more. Environmentalists have dubbed the vehicle scrappage scheme “a bailout masquerading as a green initiative” and have slammed the Government for failing to tie the initiative to green cars.

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Drive Electric Submission Land Transport (Clean Car) Amendment Bill

Drive Electric

New and used vehicle importers, fleet companies, the electricity sector, other supporting industries and consumers need certainty about government climate and transport policy over the long-term. Scrappage schemes. This will require around 1 million new and used EVs to be brought into New Zealand over the next 13 years.

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