AAIA Factbook 2010 - (Page 50)

u.s. MoTor vehICle PoPulaTIon The U.S. motor vehicle population grew 0.5 percent in 2008, reaching 250.8 million vehicles. Registrations of light vehicles (242.1 million) also increased 0.5 percent in 2008, while medium and heavy duty truck registrations (8.7 million) increased 1.7 percent from the previous year. The number of licensed drivers in the U.S. is expected to increase to 208.2 million people in 2008, representing a 1.2% increase over 2007. The relationship between light vehicle registrations and licensed drivers resulted in a ratio of 1.16 for 2008 which was only slightly below the 1.17 level achieved in 2007. In 2008, vehicle scrappage rates increased for all light vehicles effectively driving down the average age of all light vehicles in use. The scrappage rate for all light motor vehicles rose for the third consecutive year from 4.3 percent in 2005 to 5.7 percent in 2008. The average age of vehicles in use reached a high point of 9.7 years in 2007 but dramatically dropped in 2008 to 9.0 years, a level not seen since 2003 when the average was 9.1 years. Motor vehicle registrations, 1998-2008 (Thousands of vehicles) Light Trucks % of Total Light Vehicles 36.0% 37.0% 37.8% 38.5% 39.2% 40.0% 41.1% 42.3% 43.0% 43.9% 44.0% Total Light Vehicles 196,951 201,297 205,279 209,199 213,540 218,375 224,982 231,987 237,085 240,912 242,082 % Change Total Light Vehicles 2.0% 2.2% 2.0% 1.9% 2.1% 2.3% 3.0% 3.1% 2.2% 1.6% 0.5% Total % Change Medium and Total Medium Total Heavy Duty and Heavy Registered Trucks Duty Trucks Vehicles na 6,743 6,997 7,285 7,402 7,468 7,628 7,983 8,354 8,575 8,720 na na 3.8% 4.1% 1.6% 0.9% 2.1% 4.7% 4.6% 2.6% 1.7% na 208,040 212,276 216,484 220,942 225,844 232,610 239,970 245,439 249,487 250,802 % Change Total Registered Vehicles na na 2.0% 2.0% 2.1% 2.2% 3.0% 3.2% 2.3% 1.6% 0.5% Year 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Note: Cars 125,966 126,869 127,721 128,714 129,907 131,072 132,469 133,909 135,047 135,222 135,519 Light Trucks 70,986 74,429 77,558 80,485 83,633 87,303 92,513 98,078 102,038 105,690 106,563 Medium Trucks na 2,543 2,654 2,781 2,846 2,873 2,950 3,082 3,238 3,353 3,420 Heavy Trucks na 4,200 4,343 4,504 4,556 4,595 4,678 4,901 5,116 5,222 5,300 na = not available Sources: Light vehicle registration counts from R. L. Polk & Co.’s NVPP® database as of July 1, 2008. Medium and heavy duty truck registration counts from R. L. Polk & Co.’s Trucking Industry Profile® system as of December 31, 2008. © 2009, R. L. Polk & Co. Reproduction in whole or in part is prohibited without written permission of R. L. Polk & Co., 248-728-7000, www.polk.com. light vehicle registrations, 1998-2008 (Thousands of vehicles) 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 1998 1999 2000 2001 2002 Cars Source: Light Trucks Cars 2003 2004 2005 2006 2007 2008 Light Trucks © 2009, R. L. Polk & Co. Reproduction in whole or in part is prohibited without written permission of R. L. Polk & Co., 248-728-7000, www.polk.com. 50 2 0 1 0 d i g i t a l a f t e r ma rk et f a ctb o o k c op y r i g h t © 2 0 0 9 a uto mo ti ve a f terma rk et i ndustry associat ion http://pages.nxtbook.com/nxtbooks/mercury/aaiafactbook2010/docs/Page_50-51_U.S._Motor_Vehicle_Population.xls http://www.polk.com http://www.polk.com

Table of Contents for the Digital Edition of AAIA Factbook 2010

AAIA Factbook 2010
Contents
Economic and Financial Indicators
Key Economic Indicators
Aftermarket Employment
Technician Employment and Wages
Aftermarket Mergers and Acquisitions
Financial Profiles of Selected Aftermarket Companies
U S Motor Vehicle Aftermarket
Channel Forecast Model
Census Review and Forecast Assumptions
U.S. Motor Vehicle Aftermarket
Size of the Automotive Aftermarket
Aftermarket Sales by Distribution Channel
Aftermarket Service and Retail Channels
Program Distribution Summary
Automotive Aftermarket
Consumer Profile
Sales of Replacement Tires
Replacement Rates for Motor Vehicle Parts and Jobs
Accessories
Aftermarket Accessories
Chemicals and Fluids
Automotive Chemicals and Fluids
Aftermarket Segments
Medium and Heavy Duty Truck Aftermarket
Paint, Body and Equipment Aftermarket
Tool and Equipment Aftermarket
Vehicle Sales, Usage and Registrations
U.S. Motor Vehicle Sales
Top 10 Light Vehicle Sales
U.S. Motor Vehicle Population
Hybrid Vehicles
Vehicle Operating Costs
Gasoline Affordability and Vehicle Miles Traveled
State Summary Statistics
State Summary Statistics
Global Aftermarket
Global Economic and Automotive Data
Global Vehicle Registrations
Canadian Aftermarket
Mexican Aftermarket
Chinese Aftermarket
Glossary and Reference
Glossary of Aftermarket Terms
NAICS Definitions
Aftermarket Data Resources
Aftermarket Data Resources
AAIA Market Research
AAIA Market Research
AAIA – Lang Market Comparison
Harmonization of Aftermarket Industry Data

AAIA Factbook 2010