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Conventional wisdom in the fleet market is often wrong. If we roll back the calendar, the conventional wisdom about fuel prices was that there would be ebbs and flows in price per gallon rates, but the overall price trajectory would trend upward. The flaw with conventional wisdom is that it only works when no new variables are inserted into future projections. A case in point is the shale oil revolution, which now has experts predicting oil prices will remain flat for the foreseeable future.
Read More →Replacement demand for tires in Brazil is anticipated to grow at a faster rate during 2016-2021 than OEM tire demand. Some of the major players operating in Brazil's tire market are Pirelli, Michelin, Goodyear, Bridgestone, Continental and Rinaldi.
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The stability of gasoline and diesel prices over the past 36 months has been the No. 1 factor contributing to keeping fleet operating costs flat. Vehicle acquisition and used-vehicle prices are strongly influenced by low fuel prices.
Read More →The global compressed natural gas (CNG) and liquefied petroleum gas (LPG) market is expected to grow by more than 10% a year over the next six years due to the increase in population and urbanization, a growing demand for passenger and commercial vehicles, and stringent emission control regulations, according to a new forecast.
Read More →A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
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Nearly 21 million autonomous vehicles will be sold globally by 2035, according to IHS Automotive, which also predicts the U.S. will lead the world in initial deployment and early adoption of self-driving vehicles.
Read More →The average residual value of a three-year-old vehicle — the most commonly remarketed fleet vehicle — will fall 8% by 2019 as a result of an increase in the supply of used vehicles, according to a Black Book forecast.
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General Motors should gain market share by replacing 88% of its light-duty lineup by 2020, while Volkswagen and Korean automakers are relying too heavily on cars with consumer demand shifting toward SUVs and trucks, according to a Bank of America Merrill Lynch analyst.
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A new fuel price forecast from the U.S. Energy Department shows little change from expectations a month ago for the price of diesel, but the outlook for gasoline has moved a little higher.
Read More →Commercial fleets will register a lower growth percentage of medium- and heavy-duty trucks in 2016, but feed strong demand for aftermarket parts, according to a new forecast from IHS Automotive.
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