Economy Forecast Light Scrappage 
Green Car Congress
FEBRUARY 3, 2015
IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million, an increase of 2.4% North America.
Green Car Congress
JUNE 9, 2014
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.
Green Car Congress
NOVEMBER 9, 2010
In their study, they used three different alternative powertrain/fuel models: less aggressive, moderately aggressive and very aggressive, applied across four developed economies (United States, Western Europe, Japan, and South Korea) and four developing economies (Brazil, Russia, India, and China). Production forecasts from IHS.
Green Car Congress
JANUARY 3, 2012
Polk forecast, millions of units. Global automotive market intelligence firm Polk forecasts worldwide new vehicle sales in 2012 will rise 6.7% Polk analysts believe the global economy will weather the current European sovereign debt crisis and consumers will return to showrooms around the world in 2012. Click to enlarge.
Green Car Congress
MARCH 11, 2015
The global vehicle fleet reached 1 billion units in 2010 and is forecast to double in the next ten to fifteen years, with much of this increase occurring in low and middle income countries which account for 90% of total road deaths. World Health Organization (WHO) figures put the annual death toll from road crashes worldwide at 1.3
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