Has the U.S. Reached Peak Vehicles?

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Americans scrapped 4 million more cars and trucks last year than they purchased, the first significant drop in the U.S. auto fleet in more than four decades, according to a new report.

The United States scrapped 14 million vehicles last year while buying only 10 million new ones, dropping the nation’s fleet from an all-time high of 250 million to 246 million, according to the Earth Policy Institute .

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