The corporate fleet sector in South Korea accounts for 18-20% of total auto sales, with most sales going to local brands. However, GM Korea is growing its fleet presence, with commercial sales now representing 9% of total sales.
Calendar-year 2016 sales shows were strong, but there are headwinds buffeting 2017 auto sales, in particular, the risk of higher interest rates, and a weaker Mexican peso vis-à-vis the U.S. dollar.
In 2016, Canada experienced record auto sales, but lower oil prices have impacted the economy of Western Canada while low interest rates fueled new-vehicles sales. The forecast is for strong fleet sales in CY-2017.