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 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. Looking ahead, IHS forecasts that average age of vehicles is likely to remain at 11.4 This while VIO is up 1.5%, a rate the auto industry hasn’t seen in the US since 2004-2005.
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