Automotive Among Best-Performers in Slugglish Economy

Moreover, the U.S. will turn in the third consecutive year of double-digit sales gains following the 2008-2009 recession to more than 14 million vehicles this year, she points out, and "the long-term outlook is good." U.S. scrappage rates also point toward strengthening automotive sales, she says. The average U.S. vehicle currently is 11.1 years old, while some 6.5% of the nation's 240 million vehicles head to the shredder each year.