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New Zealand is a small fleet market due to its terrain and small population. “New Zealand is a mature market with more than 90 percent of businesses classified as small medium enterprises,” said Dennis Kelly, managing director New Zealand for Fleet Partners.
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The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →With a population of approximately 51 million people, South Africa has a diverse culture and is viewed as the gateway to Africa. The preference in South Africa is vehicle purchasing. Leasing has only made single-digit penetration in the automotive market.
Read More →The Indian connected trucks telematics market is expected to grow at a steady 25% year-over-year rate from 2020, while an estimated 7.42 million commercial vehicles are on Indian roads, serving various industries, according to the "Indian Connected Trucks Telematics Market, Forecast to 2022" report.
Read More →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.
Read More →Overall sales are up in the quarter, including for fleets. However, headwinds are growing and inventory levels are moving back above the pre-pandemic normal, suggesting a slowing of demand.
Read More →Fleet vehicles represent approximately 20-25% of annual new-vehicle sales in Chile. Top buyers of fleet vehicles are in the telecommunications and mining industries, along with political subdivisions, police departments, and military.
Read More →Global automotive growth was seen in the passenger car markets in Western Europe (+6 percent) and Japan (+19 percent), while, in China, demand for passenger cars recorded a double-digit increase (+22 percent).
Read More →The National Association of Fleet Resale Dealers (NAFRD) asked its members to report on key benchmarks in its annual appraisal of the state of fleet vehicle remarketing. Here are the results.
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