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Commercial fleet sales rebounded in July with a 29.8% increase to 66,909 from a year ago. Sales of trucks, vans, and SUVs paced the gain, while sales of cars again saw a heavy decline, according to Automotive Fleet data.
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Depreciation among car and truck segments improved slightly last week, but overall remains fairly stable, according to Black Book's July 29 Market Insights report.
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Fleet operators are most worried about keeping up with fleet management technology, shortages of qualified drivers, and a possible economy slowdown, according to a survey from TD Bank.
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The ride-hailing industry will experience further growth over the next five years, but this growth will level off, according to analysis from Statista, a German research portal.
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The average value of used fleet vehicles increased 1.5% to $13,758 in June from May, but remain 4.3% higher than a year ago, according to KAR Auction Services' ADESA unit.
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Almost half of the respondents to a survey (46%) agreed that a driver monitoring system should be required by law in vehicles. The younger the driver, the more likely they believe that these systems make a vehicle safer.
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The global consumption of biodiesel is expected to register a 3.1% compound annual growth rate between the period of 2018 to 2026, bolstered heavily by growth in Europe and China.
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A growing number of carsharing operators in Japan have found customers rent vehicles, but don't actually drive them.
Read More →Commercial fleet sales cooled off in June with a 0.5% decline, while daily rental sales increased 10.5% and sales to governments fell 13.1%.
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From 2014 through 2017, an average of more than 2,000 vehicles were stolen on the Fourth of July holiday each year, which ranks the holiday in the middle of the list of highest-risk holidays for vehicle thefts, according to the National Insurance Crime Bureau.
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