
The share of new-vehicle sales from luxury brands drove up average transaction prices, when combined with fewer discounts and incentives, caused new vehicle affordability to fall.
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On June 12, Fleet Forward the Tour- Port of Los Angeles will address ways fleets can comply with CARB’s Advanced Clean Fleets regulation.
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With new-vehicle inventory rising in the U.S., downward price pressure and higher incentives appear to be key drivers of the market’s momentum.
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Fleets managers who run electric vehicles need to consider the scope of charging infrastructure as well as find ways to run EVs without their own chargers as an option.
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Sales incentives were up 136% year over year in November, indicating the new-vehicle market is shifting to a buyer’s market, not a seller’s market.
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For the second month in a row, average transaction prices undercut manufacturer's suggested retail prices, reversing a prior 20-month trend.
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The Australian state of Queensland has implemented new electric vehicle (EV) incentives, the most generous in the country, reports the Australasian Fleet Management Association.
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Only 16 models are now eligible for a full or partial tax credit, which will factor into the vehicle choices for private- and public-sector fleets as well as the vast American retail vehicle market.
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Ford listed the electric vehicles and plug-in hybrids that are eligible for Inflation Reduction Act federal tax credits in 2023.
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The Kenworth K270E and K370E battery electric vehicles offer direct-drive motors rated at 355 hp for the K270E and 469 hp for the K370E.
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