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The production and sale of commercial vehicles in June were at 527,000 and 536,000, respectively, which indicated growth through the influence of trucks, with sales volume setting a new historical record.
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The pandemic exposed fleet policies to be woefully inadequate in addressing the needs of a health crisis. Fleets were forced to improvise policies and procedures to minimize the risk of contagion.
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Topics mentioned include a look at both fleet orders and retail sales trends of the past 60 days; the continued ramp up in vehicle production; fleet buying inclinations for model-year 2021; and more
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Topics mentioned in today's video includes assembly plant production ramping up; resale market improvements; the state of the car rental industry; and how Hertz filing for Chapter 11 industry could affect the industry.
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Topics mentioned in today's video includes the reopening of automotive assembly plants, the state of the wholesale used-vehicle market, and what is happening with independent used vehicle dealers.
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Ford started resuming production and operations in the United States May 18, 2020.
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Automotive Fleet has released its fourth report in the new State of the Fleet Industry weekly video series summarizing the latest news in the fleet market, which is presented by AF Editor Mike Antich.
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Commercial vehicle sales volumes are expected to contract for the rest of the year and into 2021 as a result of the COVID-19 pandemic.
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Factory shutdowns in Europe as a result of the COVID-19 crisis have resulted in lost production amounting to 1,465,415 motor vehicles to date.
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The COVID-19 pandemic may wipe out some of the United Kingdom’s car production output for 2020 by 200,000 units, according to the Society of Motor Manufacturers and Traders (SMMT).
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