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The average fuel economy for light-duty vehicles sold in July remained at 25.4 mpg, which was unchanged from June levels, according to the University of Michigan's Transportation Research Institute.
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The average EPA-rated fuel economy for new vehicles sold in June fell 0.1 mpg to 25.4 mpg from the May average, according to the University of Michigan’s Transportation Research Institute.
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The average price of a used vehicle from the 2009 to 2013 model years fell 1.2 percent in May with several truck and van segments registering positive gains from April, according to Black Book.
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California cities rank at the top of the list of the areas with the worst air pollution, according to the American Lung Association's "State of the Air" report for 2015.
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Overall, depreciation is lower than pre-recession levels for the fleet vehicle market, with average months-in-service and mileage decreasing year-over-year.
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Heavier rail cars and an aging box car fleet are having a serious impact on overall rail congestion. The box car fleet responsible for moving vehicles is getting smaller by the year.
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Used vehicles fell 12.1 percent in value during 2014, which represented a slight improvement from 2013, which saw a 12.8 percent depreciation, according to Black Book.
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In the next 10 years, the fleet industry is forecast change more than it has in the past 15 years. These changes will mirror the broader transformation percolating throughout the global economy.
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The commercial fleet market continues to remain strong, but what does the future hold? Take a glimpse of what could be in store for fleets moving forward.
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It continues to be a good time to be in the rental business. Here are the key trends the investment community will likely be watching in 2014.
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