Research and Markets: Car Scrappage In USA Has Risen Dramatically in Recent Years as Sales Volumes Have Soared to New Heights

DUBLIN, Ireland--Sept. 13, 2004--Research and Markets (http://www.researchandmarkets.com) has announced the addition of Automotive Industry: USA Strategic Market Profile to their offering.

The vehicle replacement cycle in the USA is now well on it's way towards parity, 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 at 100% by 2020, if even a small increase in sales should occur, for whatever reason.

This report provides a detailed long-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, Economics and Infrastructure

For more information visit http://www.researchandmarkets.com/reports/c4871