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Mayor of London expanding Ultra Low Emission Zone London-wide; new £110M scrappage scheme

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Among other improvements, the expansion is forecast to make further progress to reduce air pollution, by reducing NO x emissions from cars and vans in outer London by 10% and 7% respectively, and reducing PM 2.5 car exhaust emissions in outer London by nearly 16%, benefitting five million outer London residents. Expanded ULEZ in August 2023.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014.

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IHS Markit: average age of cars and light trucks in US rises to 12.1 years

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COVID-19 and its impact across the US caused a reduction in new vehicle sales as well as a sudden increase in vehicle scrappage, which was a catalyst for increased velocity in the growth of the average age of light vehicles. million according to current forecasts, which can be expected to mute average age growth.

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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 percent year-over-year growth.

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

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In addition, new vehicle registrations outpaced scrappage by more than 24% for the first time in a decade, according to the analysis. This year, we’re seeing somewhat of a plateau in the market, and expect it to remain over the next few years, without a major change in either direction. million (1.5 percent) since last year.

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Scrappage scheme boosts August car sales

Green Cars News

The car scrappage scheme continues to boost car registrations as sales rose 6.0 per cent growth in the market during July. Registrations from private buyers and of small cars were again up strongly in August as the scrappage incentive scheme continues to influence the market. per cent and 16.9 per cent and 10.1

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Euro Auto Production Down 35% in First Quarter 2009; Second Half Production May be Down 25%; Small Cars Hit New Record Share

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While fleet renewal schemes (vehicle scrappage) have helped segments of the passenger car market in some countries, overall vehicle demand in Europe went further down as well. Reflecting consumer concerns about the general economy, small cars reached a market share of 44.9% In Austria, production went down by 69.2%.

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