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Vehicle Sales

New Zealand Fleet Market Conditions for CY-2016

Despite economic headwinds dampening demand for its exports into China, auto sales in New Zealand during calendar-year 2015 hit an all-time record for commercial and retail vehicles. Sales continue to be strong in early 2016.

EV, Hybrid Interest Flat for 3 Years

A new Harris Poll has found that U.S. customer interest in battery-electric, plug-in hybrid electric, and gasoline-electric vehicles has largely remained unchanged since 2013.

Turkish Vehicle Sales Increase of More than 50 Percent

Turkey's passenger and and light commercial vehicle market has posted a combined 50.79 percent in the first six months of 2015 compared to the same period in 2014, according to the Otomotiv Distribütörleri Dernegi (ODD).

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.

Polk: Global Light Vehicle Sales to Decline 15% in 2009

Study shows light vehicle sales will decline to 55.2 million units in 2009, a 15 percent decline from 2008. Additionally, worldwide volumes won't return to pre-crisis levels until 2012 due to worsening economic conditions.

Small Fleet Acquisitions Plummet

Corporate downsizing, less air travel and a poor housing market all combined to contract non-retail sales in March, according to CNW Marketing Research.

How Long Will the Slump in Used-Vehicle Values Last?

We are currently in the midst of the worst used-vehicle market in the past 25 years. Year-over-year prices declined every month in 2008; however, wholesale prices did improve the first 10 days of January. Despite this, many fleets now find that the depreciation rates established 24-36 months ago are insufficient for today's resale market. In many cases, resale values of fleet vehicles are significantly below the remaining book value. Here's a forecast for what lies ahead in the wholesale market.