In a report from Navigant Research, a number of major automakers have refocused their efforts in the natural gas vehicle (NGV) market, and growth in this category is expected to be strong across all regions in the coming years.
The UK automotive market ended on a high note in 2013, driven in large part by fleet and business sales.
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.
Corporate downsizing, less air travel and a poor housing market all combined to contract non-retail sales in March, according to CNW Marketing Research.
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.
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