Scrappage rates for U.S. vehicles declined in the most recent survey by R.L. Polk & Co., but an analyst for the company says that does not mean there will be a negative impact on new-vehicle sales. Polk says 12,084,680 vehicles were scrapped during the 12 months ending June 30, 2003. Based on registration data, Polk says 12,084,680 vehicles were scrapped, or taken out of the U.S. vehicle population, during the 12 months ending June 30, 2003. That was equal to 5.5% of the ...
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