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S&P Global Mobility: average age of light vehicles in US hits record high 12.5 years

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With more than 284 million vehicles in operation (VIO) on US roads, the average age of cars and light trucks in the US has risen again this year to a new record of 12.5 The growth is in line with the firm's prediction from last year that constrained new vehicle sales would continue to impact and put upward pressure on the average age.

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CAR: US light-duty vehicle sales to dip in 2019

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The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 CAR’s forecast includes a continuation of sales declines in 2020 and 2021 down to 16.5 CAR projects sales to rebound to 16.8 million units for 2019. million units in 2021.

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IHS cuts 2015 light vehicle sales forecast in China to 23.4 million; deeper cut for 2016

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IHS revised downward its forecast for light vehicle sales in China, projecting a decline of 3 to 4 percent from previous estimates for 2015. IHS Automotive has reduced its full year 2015 light vehicle sales forecast for China to 23.4 percent, compared with its previous forecast of 4.4 million units.

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IDTechEx forecasts global production of electric LCVs to exceed 2.4M units annually by 2030

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In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 European Light Commercial Vehicle Sales 2018. IDTechEx says that the light commercial vehicle market is uniquely positioned to rapidly transition to electric vehicles.

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Groupe Renault changes China strategy: light commercial vehicles and electric passenger cars

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Groupe Renault is setting a new strategy for China, based on Electric Vehicles (EV) and Light Commercial Vehicles (LCV). EV sales are expected to reach 25% of the Chinese market by 2030. million units in 2019 and is forecasted to maintain a steady upwards path. million customers in China and close to 162,000 sales in 2019.

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Navigant forecasts global light duty electrified vehicle sales to exceed 6.0M in 2024; PEVs to account for roughly half

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In a new report, Electric Vehicle Market Forecasts , Navigant research projects that under its base scenario, global sales of light duty electrified vehicles (i.e., million vehicle sales in 2015 to more than 6.0 Under a conservative scenario, Navigant forecasts more than 5.8 Electric Vehicle Market Forecasts”.

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Pike Research forecasts annual global sales of light-duty natural gas vehicles to reach 3.2M in 2019

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The global market for light-duty (LD) natural gas vehicles (NGVs)—including passenger cars, light-duty trucks and commercial vehicles—will experience a compound annual growth rate (CAGR) of 6.2% million vehicles sold in 2019, according to a new forecast by Pike Research. between 2012 and 2019, reaching 3.2

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