THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
Commercial vehicle sales in South Africa saw growth in July, offsetting the overall trend of new vehicle sales declining in the region.
South African based fleet management company Eqstra Fleet Management and Logistics was acquired by a services, trading, and distribution company in the region for $222.34 million.
Growth in commercial vehicle segments in South Africa offset lower passenger car sales in the region during June, despite the continued trend of declining vehicle sales.
Sales of light commercial vehicles in South Africa declined 13% in May 2019, a total drop of 1,816 versus numbers that were reported during the same time last year.
Nissan will invest $160 million toward a new vehicle production plant in Algeria to meet growing customer demand across Africa and produce commercial vehicles.
Vehicle sales of commercial vehicles in South Africa were down slightly in 2018, declining 2.1% versus what was reported in 2017.
Hyundai Motor Co. and Global Group of Algeria will jointly produce Hyundai’s commercial vehicles in Algeria as Hyundai continues to expand its foothold in the global commercial vehicle businesses.
Fleet management systems that are active in South Africa will grow at a compound annual growth rate of 14%, going from from 1.3 million units in 2017 to 2.5 million by 2022.
Nissan’s NP300 Hardbody pickup truck received the lowest safety ranking with regards to adult protection. The vehicle is marketed to fleets in Africa.
The top-selling OEM in Tunisia is Isuzu Motors with its D-Max truck, which is also the No. 1 selling vehicle. Isuzu has been assembling the D-Max in Tunisia since 2002. Citroen is the next best-selling commercial vehicle, followed by Peugeot.
Many multinational companies operating in Egypt pay a cash allowance to employees to use a personal vehicle instead of providing a company car. By doing so, companies transfer vehicle maintenance management responsibility and residual risk to employee drivers.
There are an estimated 140,000 vehicles in operation in the commercial fleet market, which is comprised of 57% trucks and 43% cars. Tourism is a large segment of the economy, making daily rental the second largest fleet segment.
Ford’s assembly plant in South Africa has produced 500,000 models of the current generation Ford Ranger, a popular light commercial vehicle in the region as of late.
Fiat Chrysler Automobiles (FCA) has appointed Graham Eagle as its new chief executive for South Africa to replace Robin van Rensburg, who resigned from the position, the company has announced.
Toyota has expanded its SUV line-up in South Africa with introduction of the Rush, a subcompact SUV that is in its second generation.
The 2019 Global Fleet Conference in Miami, Fla., was held at the Hilton Miami Downtown from June 4 to 6. There were 372 attendees at the show. The Global Fleet Conference is co-produced by Bobit Business Media and Nexus Communication.
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