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Many of the dynamics in today’s market are eerily familiar to the resale value softness that occurred in the last decade, which ultimately peaked in 2002. At that time, year-over-year increases of off-lease vehicles entering the wholesale market exerted downward pressure on resale prices. It appears that we are on the same trajectory, with off-lease volumes peaking in 2016. What are you doing to prepare for these different market dynamics?
Read More →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 continue to be strong in early 2016.
Read More →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.
Read More →Resale values for two- and three-year old fleet vehicles were lower in the fourth quarter of 2002 compared to the same period in 2001 when used-vehicle sales hit rock bottom following 9-11.
Read More →DETROIT – Pontiac has announced plans to bring the sporty, five-door hatchback G3 to U.S. showrooms early next year, making it one of four GM vehicles capable of more than 30 mpg on the highway.
Read More →Hyundai handed the keys of a hydrogen-fueled Tucson SUV to the first customer during a June 10 ceremony in Tustin, Calif.
Read More →Hyundai handed the keys of a hydrogen-fueled Tucson SUV to the first customer during a June 10 ceremony in Tustin, Calif.
Read More →California cities rank at the top of the list of the areas with the worst air pollution, according to the American Lung Association's "State of the Air" report for 2015.
Read More →The global economic downturn created havoc in the fleet markets in Europe, Australia, Latin America, Asia, and Africa. Here's a summary of each of these regional markets and a forecast of what to expect fro 2010 based on a recent meeting in Barcelona with lessor representatives from each of these regions.
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