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
JULY 29, 2015
years, based on a snapshot of vehicles in operation (VIO) taken 1 January 2015, according to IHS Automotive. million (2.1%) since last year and the highest annual increase the auto industry has seen in the US since IHS began tracking VIO growth. Scrappage is defined by a vehicle being taken out of the fleet and no longer in use.
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