Scrappage

Average age of light vehicle on U.S. roads stayed flat at 11.4 in 2013, IHS says

8:00 am U.S. ET | June 9, 2014
The average age of a light vehicle on the road in the United States remained flat at 11.4 years at the end of 2013, and the total light vehicles in operation reached a record 252.7 million, up 2 percent from 2012, IHS Automotive said today....
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W. Europe car sales rise but recovery to be 'bumpy'

June 6, 2014 11:19 CET
Car sales in western Europe rose about 5 percent in May but the seasonally adjusted annualized rate of sales slipped back from the April level, analyst LMC Automotive said, adding that "the road to recovery remains a bumpy one."...
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Spain tops up car subsidy scheme by 175 million euros

Jan. 10, 2014 16:23 CET
Spain says it has expanded a car subsidy program which offers car owners 2,000 euros to scrap their old car for a new one. The scheme has now been extended four times at a total cost of 465 million euros....
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YANG JIAN

Chinese cities limit car sales but growth is still possible

12:01 am U.S. ET | Dec. 10, 2013
Dalian is the latest Chinese city to restrict new-car sales to reduce pollution and congestion but the upside is that tougher emissions rules may boost sales....
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Spain offers 4th car incentives program to boost sales

Oct. 27, 2013 06:01 CET
Spain's government offered the fourth car incentives program in a year, extending a program to boost sales as the economy tries to emerge from a two-year recession....
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LETTER TO THE EDITOR

Scrappage doesn't drive sales

12:01 am U.S. ET | Sept. 23, 2013
Try to imagine the owners of 11.4-year-old cars (the average age of the U.S. fleet, according to R.L. Polk) leading the new-car market to robust sales....
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Economist sees scrappage juicing U.S. sales in next two years

3:39 pm U.S. ET | Aug. 6, 2013
Auto sales in the United States will boom in 2015 when drivers replace aging vehicles, an economist with Citigroup argues. Itay Michaeli, director of U.S. autos and auto parts for Citi Investment Research and Analysis, argues that the 11.4-year average age of the nation's fleet is approaching the point where scrap rates begin to explode....
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Scrappage program helps to boost Spain car sales 15%

Aug. 1, 2013 13:01 CET
Spanish car sales increased 15 percent in July, boosted by a government scrappage scheme for the purchase of new vehicles....
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