article thumbnail

IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining

Green Car Congress

The combined average age of all light vehicles on the road in the U.S. Total light vehicles in Operation (VIO) in the US reached a record level of more than 252,700,000—an increase of more than 3.7 In addition, new vehicle registrations outpaced scrappage by more than 24% for the first time in a decade, according to the analysis.

Scrappage 210
article thumbnail

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

The combined average age of all light vehicles on the road in the US has climbed slightly to 11.5 Registrations for light VIO in the US also reached a record level of 257,900,000—an increase of more than 5.3 Registrations for light VIO in the US also reached a record level of 257,900,000—an increase of more than 5.3

2015 150
article thumbnail

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

article thumbnail

Drive Electric Submission Land Transport (Clean Car) Amendment Bill

Drive Electric

Given New Zealand’s reliance on personal light vehicles, accelerating the uptake of e-mobility is an essential part of reducing emissions from transport. The technology is ready and available to make this transition in the light vehicle fleet. Scrappage schemes. Principle . FBT, depreciation); and. Drive Electric members’ views.

Clean 52