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Fear of terrorism and a weak economy have decreased travel demand and sent some major car rental firms into bankruptcy, according to Reuters.
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As a result of seven continuous years of decline, the 2013 Spanish passenger car market volume was less than half of the pre-crisis level of more 1.9 million new cars. In 2010, the total number of cars registered was 1.11 million units; in 2011, it was 928,589 units. In 2013, it was just 699,589 registrations.
Read More →MOSCOW - Russian billionaire Mikhail Prokhorov, the new majority owner of the New Jersey Nets NBA team, announced plans to produce a new $10,000 hybrid car for the European market, the Wall Street Journal reported.
Read More →The supply of used vehicles entering the market in 2013 is increasing, creating a “pretty solid” environment for resale. The remarketers of tomorrow may face some challenges.
Read More →Presently, there are 34 million vehicles in operation in Mexico, of which 34% are commercial vehicles. The majority of large fleets operating in Mexico are owned or leased by multinational companies.
Read More →TOKYO — Struggling Japanese automaker Mitsubishi Motors Corp. reaffirmed its commitment to the U.S. market Friday, saying it had no intentions of exiting that market, according to the Associated Press on February 18.
Read More →Predominant reasons for this brisk growth are increasing construction activities coupled with increasing number of expatriates and growing tourism in the country.
Read More →As we approach the start of a new calendar-year, it is inevitable that we take a look at where we’ve been and where we are going. I'll start by examining the evolution of the medium-duty truck market over the past 45 years and then identify the key trends that will influence product design in future model-years.
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