US New-Vehicle Buyers’ Brand Loyalty Drops To 6-Year Low
While consumers are changing brands, body-style loyalty remains strong.
Average Age Of Light Vehicles In US Hits 11.9 Years
Several factors have contributed to push U.S. average vehicle age higher, according to the analysis.
Global Light-Vehicle Sales Expected To Drop 22%
“The unexpected and sudden nature of the impacts of the pandemic are hitting the autos sector hard,” said Colin Couchman of IHS Markit.
US Car Parc Keeps Getting Older, Creating More Opportunities for Aftermarket
The average age of light vehicles in operation (VIO) in the United States has risen to 11.8 years, up from 11.7 years in 2018, according to new research from IHS Markit.