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Forecast

Forecast Is for Fuel Prices to Remain Low for the Foreseeable Future -- Maybe Longer

Conventional wisdom in the fleet market is often wrong. If we roll back the calendar, the conventional wisdom about fuel prices was that there would be ebbs and flows in price per gallon rates, but the overall price trajectory would trend upward. The flaw with conventional wisdom is that it only works when no new variables are inserted into future projections. A case in point is the shale oil revolution, which now has experts predicting oil prices will remain flat for the foreseeable future.

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Navigant: 12M EVs on Global Roads in 2023

The number of plug-in electric vehicles in use is projected to reach 12 million globally by 2023, while worldwide revenue from charging services is expected to increase to $2.9 billion from $152.6 million projected for this year, according to Navigant Research.

Fleet Management 2025 Forecast

In the next 10 years, the fleet industry is forecast change more than it has in the past 15 years. These changes will mirror the broader transformation percolating throughout the global economy.

Fleet Management 2025 Forecast: Productivity Tools

Mobile apps will by fully integrated into fleet and become the medium for driver interaction, while cloud computing will accelerate the transmission of data. Vehicle connectivity will add a new dimension to fleet management.

Fleet Management 2025 Forecast: New Vehicle Purchasing

Government-mandated CAFE standards are exerting pressure on OEMs to develop smaller, more lightweight models and add more alt-fuel vehicles and hybrids to their lineups. Lower fuel costs will shift TCO focus to depreciation.

2015 Resale Forecast for Full-Size Vans

The used full-size van market has remained strong throughout 2014, but it is expected to decline in 2015. Part of the reason for the strength of the used van segment is the discontinuation of traditional U.S.-style vans by OEMs as the new European-style vans are released.

IHS Projects Significant Growth in South America by 2025

The South American automobile market is expected to grow significantly by 2025, according to a forecast by IHS Automotive.

Fleet Management Circa 2018

There will be dramatic changes in new-vehicle purchasing processes, remote vehicle diagnostics, increasingly “smarter” vehicles, and next-generation online fleet management systems powered by fleet-specific social media.

Forecast of 2011 Operating Costs

Operating costs will trend higher in the 2011 calendar-year, primarily due to an incremental increase in fuel prices, which represent the largest fleet operating expense category. Another factor contributing to upward pressure on operating expenses will be higher maintenance costs, primarily due to extended replacement cycling. Beyond 2011, fleet acquisition costs are anticipated increase to meet higher CAFE requirements.

Global Economic Recession Cuts Fleet Operating Costs

Fuel costs, the largest fleet operating expense, declined dramatically in the 2009 calendar-year due to a sharp decline in worldwide consumption. Also, many fleets have downsized, which contributed to a lower overall fuel spend.