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Global fleet market-snap shots, Jeff Schlesinger being named CEO of LeasePlan USA, and the first-ever global fleet networking consortium were some of the most viewed stories on the global channel of AutomotiveFleet.com in 2017.
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All countries in the Middle East have been impacted by lower oil prices and the institution of austerity programs. Countering these economic headwinds are major infrastructure investments geared to stimulate national economies.
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Fleet sales are tracking at a record pace in 2017 reflecting the strength of the Australian economy and improved mining sector. SUV sales are hot with both consumers and fleets as OEMs introduce more new models into the market.
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The new-vehicle market has been up and down for the 2017 calendar-year, but demand for SUVs and luxury vehicles continues to remain strong. The sales forecast is that the growth rate for 2017 will be lower than prior years.
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The mining sector in Chile is one of the key pillars of the Chilean economy. Chile has huge copper reserves, producing more than one-third of all global copper output.
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The fleet market in Peru for 2016 is forecast to be around 10% of total automotive sales of 171,000 units, which is a decrease from 2015.
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Venezuela and Ecuador are heavily dependent on petroleum exports, as is also Colombia, but to a lesser extent. The steep drop in crude oil prices and other commodities is severely impacting these countries.
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In addition, there has been a 20% decline in fleet sales in neighboring Uruguay. The peso has depreciated and the government has decreased fleet purchases.
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Peru is one of the fastest growing economies in Latin America, and the economy of Chile is ranked as a high-income economy by the World Bank.
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Automotive sales declined 28.6% year-over-year during 1Q 2016. In the fleet market, all major OEMs are using various financial incentives to defend their market shares. The 2016 forecast is that there will be 123,000 fleet sales.
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