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Sales of new-model full-size commercial vans rose more than 11 percent in 2014 as several manufacturers transitioned to European-style vans and phased out less fuel-efficient models.
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Westport Innovations Inc. has gained approval from the U.S. Environmental Protection Agency to produce a dedicated compressed natural gas (CNG) version of Ford's 2015 Transit van.
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Used vehicles fell 12.1 percent in value during 2014, which represented a slight improvement from 2013, which saw a 12.8 percent depreciation, according to Black Book.
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The recall affects more than 8,000 Sprinter 2500 and 3500 vehicles in the 2014 and 2015 model years.
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The action affects 3,564 chassis in the 2012-2014 model years.
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The used full-size van market has remained strong throughout 2014, but it is expected to decline in 2015. Part of the reason for the strength of the used van segment is the discontinuation of traditional U.S.-style vans by OEMs as the new European-style vans are released.
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The recalled modified vans have Ricon-manufactured wheelchair lifts at risk for cracking.
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Sales of vehicles to commercial fleets rose 0.9 percent in November as trucks, vans, and SUVs continued to drive fleet sales. Through 11 months of 2014, fleet sales have risen 8 percent over the previous year.
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The 2015 Ford Transit was the top-selling full-size commercial van in November and accounted for almost one in four units sold in the category, Ford announced.
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The vehicles should finish the year as the only category that will increase in residual value, while the broader market should depreciate more than 12 percent.
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