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News•February 26, 2017

Study Reveals New Zealand Has Highest Vehicle Depreciation in the World

New Zealand has been ranked worst in a global survey for depreciation in cars, with a 54% decrease in value after 56,000 kms surpassing both the UK and the U.S. The country with the lowest percentage of passenger car depreciation is China.

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Articles•by Mike Antich•February 26, 2017

Market Snapshot: New Zealand Fleet Market

New Zealand's new vehicle market hit record numbers of registrations in January, according to the country's Motor Industry Association. The growth is attributed to a strong national economy, a robust car rental market driven by a vibrant tourism industry, and an ongoing influx of immigrants into the country who require transportation.

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Articles•by Mike Antich•February 26, 2017

Market Snapshot: Turkey Fleet Market

There are more than 17 million vehicles in Turkey, of which 40% are fleet vehicles. Fewer than 13% of the population in Turkey either owns or drives a vehicle, according to research by 'Automotive Fleet' magazine. In terms of fleet passenger cars, only 10% of the 2.4 million company cars in Turkey are leased, but demand for fleet leasing has been growing.

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News•February 26, 2017

Volkswagen Most Hijacked OEM in South Africa

Vehicle tracking company Ctrack has released its hijacking and crime statistics, detailing which passenger vehicles, SUVs, trucks and vehicle manufacturers are being targeted by criminals in South Africa.

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News•February 26, 2017

South Africa Fuel Price Increase Impacting Fleet Operating Costs

Fuel prices in South Africa have increased due to the poor Rand/Dollar exchange rate and the higher price of crude oil based on an agreement by OPEC members to slash crude oil production.

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News•February 26, 2017

Mexico City Ranked Most Congested Global City

The top five most traffic congested cities in the world are Mexico City, Bangkok, Jakarta, Chongqing, and Bucharest.

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News•February 25, 2017

PSA Group to Expand Vehicle Assembly in Vietnam in 2017

The PSA Group and its partner THACO (Truong Haï Auto Corp.) signed an agreement on Feb. 22 to bring to market in Vietnam two new SUVs that will be assembled in THACO’s plant in Chulai in Quang Nam Province.

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News•February 25, 2017

$70B Infrastructure Program in Colombia Will Stimulate Fleet Sales

Colombia has embarked on gigantic $70 billion infrastructure program, which promises to stimulate fleet sales to construction and engineering businesses in the country, according to a report by PCW.

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News•February 25, 2017

France Give PSA Group Approval to Test Autonomous Vehicles

PSA Group has obtained authorization from the French government to carry out autonomous mode experimentations with “non-experts” drivers on roads in France, according to the vehicle manufacturer.

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News•February 25, 2017

BYD Launches Largest EV Taxi Fleet in Southeast Asia

BYD has launched a fleet of 100 electric taxis in Singapore, forming the biggest electric taxi fleet in Southeast Asia, according to BYD, a Chinese renewal energy technology company.

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