The number of vehicles on the road reached a record level of almost 188 million in 2014 and keep on increasing, IHS Automotive reported. That is a level that the automotive industry hasn’t seen since 2004 in China. The average age of vehicles on roads has reached around 10.3 years in China. It forecasts that the average age of vehicles will rise to 10.6 years by 2018 and 11.1 years by 2020.

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