
Peru is one of the fastest growing economies in Latin America, and the economy of Chile is ranked as a high-income economy by the World Bank.
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Automotive sales declined 28.6% year-over-year during 1Q 2016. In the fleet market, all major OEMs are using various financial incentives to defend their market shares. The 2016 forecast is that there will be 123,000 fleet sales.
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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 continued to be strong in early 2016.
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As oil prices have dropped, the growth in fleet sales has shifted from the oil-rich provinces of Alberta and Saskatchewan to the manufacturing provinces of Ontario and Quebec, which have influenced the types of vehicles acquired.
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Although acquisition costs are a key factor for vehicle selection decisions, fleet application, fuel economy, CO2 emissions, safety, and overall TCO continue to play important roles in the purchase decision-making process.
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The forecast is that the commercial fleet market in the U.S. will remain strong well into the 2017 calendar-year. Stimulating this ongoing business activity is steady growth in the national economy, low fuel prices, and low interest rates.
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Brazil is in a political and economic crisis that has caused the country’s auto market to shrink 27% in 2015-CY, and is forecast to shrink another 13% in 2016. Fleet sales have also decreased, but at a slower pace than retail sales.
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FCA showed off its entire lineup for automotive journalists, including the all-new Chrysler Pacifica and its full range of commercial products.
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Fewer quality holds and a mild winter contributed to stable OTD times. However, strong retail demand and low fuel prices have led to extended lead times on popular pickups and SUVs, along with ongoing railcar shortages.
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More than 150 fleet professionals attended the meeting, which included representatives from corporate fleets, fleet management companies, and daily rental companies.
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