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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.

Scrappage 210
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Experian Automotive: total number of light vehicles on US roads at highest level since 2008

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million in Q2 2013, according to Experian Automotive’s latest Vehicles in Operation (VIO) market analysis. Increased new vehicle sales and lower scrappage rates pushed VIO to the highest point on record since Q3 2008. of total VIO; they were followed by standard midrange cars (11.9%) and small-economy cars (9.1%).

2008 207
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Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

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Global automotive market intelligence firm Polk forecasts worldwide new vehicle sales in 2012 will rise 6.7% Polk analysts believe the global economy will weather the current European sovereign debt crisis and consumers will return to showrooms around the world in 2012. Polk forecast, millions of units. Click to enlarge. Source: Polk.

2012 199
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UMTRI study finds US and China could turnover more than 90% of LDV fleet to alternative powertrains by 2050 under very aggressive penetration scenarios

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In their study, they used three different alternative powertrain/fuel models: less aggressive, moderately aggressive and very aggressive, applied across four developed economies (United States, Western Europe, Japan, and South Korea) and four developing economies (Brazil, Russia, India, and China).

Fleet 218
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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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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. —Nigel Griffiths, chief automotive economist, IHS Automotive. North America.

2015 150
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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%.

2009 150
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Study finds that replacement programs that reduce vehicle lifetime can result in increased lifecycle CO2 emissions

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Empirical results also revealed that even if the fuel economy of less fuel-efficient ordinary passenger vehicles were improved to levels comparable with those of the best available technology, i.e. hybrid passenger cars currently being produced in Japan, total CO 2 emissions would decrease by only 0.2%. market share of hybrid cars.

Emissions 218