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North America Car Parc Analysis, 2010–2025

North America Car Parc Analysis, 2010–2025

North America Car Parc Analysis 2010 - 2025 provides statistics on cars in operation by the year of manufacture for the period 2010 to 2025 for North American countries. These matrices for each country are developed by applying the annual average attrition rates on annual car sales. The attrition rates are derived from information on vehicle life. Each country's car parc matrix presents the following tables and chart.

Car Parc by Model year (Number of cars in use by the year of manufacture)
Annual Car Sales
Cumulative Annual Attrition rate of Cars Model year
Average Vehicle Life
Chart: Annual Attrition Rate Curve

Countries Covered:
The United States
Canada

Salient Features
Car parc matrices can be modeled to derive market potential for aftermarket components. Replacement rates of various automotive components when applied on specific model year of car help in determining the potential aftermarket for the component.

Methodology
The average age of passenger cars of a specific country, obtained from a published source, is used for arriving at the average service life of the car. The attrition rates are distributed across the years such that the average service life remains the same.

Using these attrition rates, a matrix ‘Cumulative Annual Attrition Rate of Cars by Model year’ is formed ranging from 2010 to 2025.

The sales figures are applied to the attrition rate matrix and the resulting output is the passenger car by model year.

Limitations
Authenticity of data is reliant on the source from where the data have been collected and they have not been verified through primary research.

Average vehicle life is derived from average age of passenger cars. We assume that the attrition rate follow a normal curve.

Car parc figures represented are purely based on the statistical modeling. More accurate car parc information can only be obtained from Vehicles census conducted by the national statistical bodies.


1. North America Car Parc Analysis, 2010–2025
North America Car Parc Analysis
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