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Despite economic headwinds dampening demand for its exports into China, auto sales in New Zealand during calendar-year 2015 hit an all-time record for commercial and retail vehicles. Sales continued to be strong in early 2016.
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As oil prices have dropped, the growth in fleet sales has shifted from the oil-rich provinces of Alberta and Saskatchewan to the manufacturing provinces of Ontario and Quebec, which have influenced the types of vehicles acquired.
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Although acquisition costs are a key factor for vehicle selection decisions, fleet application, fuel economy, CO2 emissions, safety, and overall TCO continue to play important roles in the purchase decision-making process.
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The forecast is that the commercial fleet market in the U.S. will remain strong well into the 2017 calendar-year. Stimulating this ongoing business activity is steady growth in the national economy, low fuel prices, and low interest rates.
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Brazil is in a political and economic crisis that has caused the country’s auto market to shrink 27% in 2015-CY, and is forecast to shrink another 13% in 2016. Fleet sales have also decreased, but at a slower pace than retail sales.
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Fleet sales are a very important component of the European automotive market, accounting for more than half of all vehicle sales in some country markets.
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Dramatic changes are occurring in the Australian automotive industry. First, Ford announced it will stop assembling vehicles in Australia in 2016. Similarly, Holden and Toyota announced that they will cease local vehicle production in 2017.
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During the first six months of 2015, two core factors strongly influenced the commercial fleet market in Canada: price of crude oil dropping to below $40 per barrel and the foreign exchange rate of the Canadian dollar (CAD) declined against the U.S. dollar.
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Presently, there are 34 million vehicles in operation in Mexico, of which 34 percent of them are commercial vehicles. The majority of large fleets operating in Mexico are owned or leased by multinational companies.
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As a global organization, one of General Motor’s five regions is GM International (GMI), which covers more than 100 countries and territories in Asia Pacific, the Middle East, and Africa. This region accounts for nearly half of all motor vehicle sales around the world.
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