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The Federal Reserve voted unanimously to maintain the target range for the federal funds rate at 1.5% and 1.75% on Wednesday, but hinted at a possible rate hike in June with inflation creeping closer to its 2% goal.
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Sales of vehicles to commercial fleets from eight manufactures increased 10.1% to 72,344 in March as sales of trucks, vans, and SUVs increased 10.4% to 62,419 and passenger car sales increased 8% to 9,925 units compared to a year ago, according to Automotive Fleet data.
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Sales of vehicles to commercial fleets from eight manufactures increased 4.2% to 60,149 in February as total car sales outpaced truck sales with a 10.9% increase to 10,191, while sales of trucks, vans, and SUVs increased 3% to 49,958 units when compared to a year ago.
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Associations representing manufacturers of vehicles and parts have spoken out against President Donald Trump's plan to place a 25% tariff on steel and a 10% tariff on aluminum imports.
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UPS will invest $7 billion over the next three years to upgrade its delivery network, including acquiring fleet vehicles and aircraft, to better manage heavier holiday activity.
Read More →Although fleet management is a relatively new career segment, changes are percolating that threaten to transform it from a career path to a corporate stepping stone. The confluence of three fleet megatrends will be the catalyst fueling this transition.
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Sales of vehicles to commercial fleets from nine manufactures fell 5.5% in December but increased 1.4% in 2017, following a 2.7% increase the prior year, according to Automotive Fleet data.
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Subaru has updated its schedule for when it will stop taking commercial orders for seven of its 2018 model-year vehicles, and has set dates for when it will begin taking orders on its 2019-MY lineup, including the new Ascent three-row SUV.
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A new vision of fleet management is emerging, helping to increase fleet managers’ perceived value to senior management.
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Sales of vehicles to commercial fleets from nine manufactures increased 3.5% to 51,569 in November as total car sales made a strong monthly return at 27%, but is still more than 35% lower than what was reported last year, according to Automotive Fleet data.
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