Dateline City:
SOUTHFIELD, Mich.
U.S. Light Vehicles in Operation (VIO) Hits Record Levels at Nearly 258 Million; Length of New Vehicle Ownership Also Hits Record High at 77.8 Months
SOUTHFIELD, Mich.--(BUSINESS WIRE)--The combined average age of all light vehicles on the road in the U.S. has climbed slightly to 11.5 years, based on a snapshot of vehicles in operation (VIO) taken Jan. 1 of this year, according to IHS Automotive, a global provider of critical information and insight to the automotive industry and part of IHS Inc. (NYSE: IHS).
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English
Contact:
IHS Automotive
Michelle Culver, +1 248 728 7496
michelle.culver@ihs.com
or
IHS Media Relations, +1 303 305 8021
press@ihs.com
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