Research and Markets: Car Scrappage In USA Has Risen Dramatically in Recent Years as Sales Volumes Have Soared to New Heights.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland -- Research and Markets (http://www.researchandmarkets.com) has announced the addition of Automotive Industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. : USA Strategic Market Profile to their offering. The vehicle replacement cycle in the USA is now well on it's way towards parity parity or space parity, in physics, quantity that refers to the relationship between an object or process and the image that it can produce in a mirror. , where one vehicle is scrapped for every vehicle sold. The scrap rate has risen from 55% in 1960, touched 80% in 1980 and was 75% in 2000. The various peaks and troughs that have occurred in the past have been directly related to the external shocks such as the oil crises and the Gulf War. Scrappage has risen dramatically in the last few years as sales volumes have soared to new heights. In particular, the ageing of the passenger car parc, brought about by the change in product mix from passenger cars to commercial vehicles, has taken its toll. The forecasts show that scrappage will rise to almost 95% of sales by 2020, with the passenger car scrap rate rising to over 106%, as the time lagged effect of the mix change causes severe ageing on the passenger car element of the parc. It is possible that scrap and sales rates could equalise Verb 1. equalise - compensate; make the score equal equalize, get even rack up, score, tally, hit - gain points in a game; "The home team scored many times"; "He hit a home run"; "He hit .300 in the past season" 2. at 100% by 2020, if even a small increase in sales should occur, for whatever reason. This report provides a detailed long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. forecast on the USA market (still the largest car market in the world) Contents include: The USA - Market Summary Market Profile Demand Analysis USA Markets Overview - 2000 to 2020 Market Profile Automotive Data - Vehicle Sales - The Vehicle Parc - Vehicle Scrap - Vehicle Production, Sales and Net Import/Exports Automotive Ratios Market Demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. , Economics and Infrastructure For more information visit http://www.researchandmarkets.com/reports/c4871 |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion