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Commercial and government fleets added 350,837 trucks in classes 3-8 through the first half of 2015 for a 12.1 percent increase from the comparable period a year ago, according to IHS Automotive's second quarter commercial vehicle report.
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The average age of light-duty vehicles in U.S. roads has reached 11.5 years, which reached a high point since IHS Automotive began tracking the data, the analytics firm has announced.
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Overall, used GVW 3-8 transactions from March 1, 2014 to March 31, 2015 accounted for 51.7 percent of total GVW 3-8 transactions in the U.S. market.
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The recovery in the commercial vehicle market in the U.S. and Canada has been largely driven by the business community, according to IHS Automotive.
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The South American automobile market is expected to grow significantly by 2025, according to a forecast by IHS Automotive.
Read More →A benchmarking project undertaken by Australia's Federal Chamber of Automotive Industries (FCAI) comparing price and specification levels of various new motor vehicles available in the Australian market with equivalent models in the UK.
Read More →The number of light-duty vehicles in U.S. roads increased to 252.7 million, a 3.7 million increase since 2013. In addition, the average age of vehicles on the road remained steady at 11.4 years. For the first time since 1995, the average age of light trucks has increased to the same age as passenger cars.
Read More →According to a new study, the South American automobile market will grow significantly by 2025, becoming one of the top three growth markets globally for light vehicle sales and presenting opportunities for improvements in fuel efficiency and reduced CO2 emissions.
Read More →IHS Inc., a source of critical information and analytics, has signed a definitive agreement to acquire R.L. Polk & Co., which includes both divisions, Polk and CARFAX.
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