IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining
Green Car Congress
JUNE 9, 2014
This while VIO is up 1.5%, a rate the auto industry hasn’t seen in the US since 2004-2005. Because of improved quality and consumers holding their cars and light trucks longer, vehicles 12-plus years old continue to grow and will increase by 15% by 2019.
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