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SPARKS, MD – At a recent NAFA Fleet Management Association meeting, PHH Arval remarketing manager said the current use- vehicle market is strong, which opens the opportunity to reduce costs.
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Sales of Euro-style vans exceeded total sales of traditional body-on-frame vans for the first time in 2015. This is an important milestone in the evolution of the fleet van market, but the rapid market share expansion of Euro-style vans will have a near-term impact on replacement tire availability, which, in turn, will exert upward pressure on pricing.
Read More →Nissan will be the next automaker to enter the gasoline-electric hybrid vehicle market, with a hybrid version of the popular Altima midsize sedan, reported the San Antonio Express-News newspaper.
Read More →DETROIT – General Motors is cutting the sticker prices on all its Chevrolet, Buick, and GMC products and many Pontiacs – a move to stabilize its market share and cut its spending on incentives.
Read More →EarthCruiser, known for its extreme-duty overland vehicles, is entering the commercial vehicle market in a big and beefy way, capable of getting equipment and teams wherever they need to go.
Read More →Brazilian automotive vehicle manufacturer association Anfavea has confirmed MAN Latin America as the market leader for trucks for the 12th year in a row. The company closed 2014 with 36,157 licensed units.
Read More →Honda Motor Co., Ltd. has announced that it began local production of the Accord sedan in Nigeria, West Africa, where the automobile market is expected to expand in the future.
Read More →PALO ALTO, CA - Panasonic Corp. has invested $30 million in electric car maker Tesla Motors.The investment builds upon a multi-year collaboration to accelerate the market expansion of the electric vehicle.
Read More →OAK PARK, MI - Azure Dynamics Corp., an electric powertrain developer for the commercial truck market, and Ford Motor Co. of Canada announced they will deliver one of the first Transit Connect Electric commercial vans to Canada Post under the LEAD customer program.
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