Could the U.S. fleet market of the future evolve in the same direction as the European fleet market? The key factor driving the European fleet market from the 1960s to present has been a high taxation environment. There are many indicators that point to the U.S. entering a new era of very high taxation. Could the same future unfold for the U.S. fleet market as it did in Europe? In my mind, this is not a far-fetched scenario.
Europe, China Post Strong January Auto Sales
In January, the European, Chinese, and Japanese auto markets posted substantial gains. In contrast, the auto markets in the U.S., Russia, and India saw their market sales contract.