
A new study by R.L. Polk & Co. finds that more Americans scrapped their old vehicles than bought new ones, even during the height of the Cash for Clunkers program. The study took place over a 15-month period ending last September. During that time, a total of 14.8 million vehicles were scrapped in the U.S., while just 13.6 million new registrations were issued. The report said that U.S. scrap rates had risen to 6.9 percent of the country's total vehicle fleet in October of 2009, compared to 4.3 percent in July of 2005.







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