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Commercial auto remains one of the most challenging and costly lines of coverage for fleet operators and insurers alike. Learn more about how to effectively address these issues from Onur Aksan, Enterprise Business Development Executive, Geotab.
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During his recent trip to Japan, AF Managing Editor Chris Wolski took time out from visiting temples, shrines, and castles to catch up on some Toyota corporate history. Visiting the Toyota Commemorative Museum of Industry and Technology in Nagoya, he saw the progression of vehicle models from the AA Sedan in 1936 to the current-era Prius. Photos: Chris Wolski
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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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Registration for the Global Fleet Conference 2017 will open on Nov. 1, 2016. The Global Fleet Conference has sold out each of the previous four years, so mark your calendar and be ready to make your plans to attend.
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The Australasian Fleet Management Association (AFMA) has named its top fleet managers during its 2016 AFMA Fleet Awards.
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