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In 2013, the leasing industry in China was affected by the introduction of the value-added tax (VAT) system in the most developed regions of the country, starting with Shanghai in January 2013 and followed in the second half of the year by Beijing, Tianjin, and five other provinces.
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Analysis: Electric vehicle adoption is happening much slower than expected, and the profit margins are abysmal.
Read More →Black Book’s latest COVID-19 Market Update found that while used vehicle values have continued to depreciate since the last week of March, the rate of depreciation has been significantly lower over the last two weeks.
Read More →In five short years, new BEV launches have risen from 6% in 2018 to 70% in 2023, according to a recent Dataforce analysis.
Read More →From the oil-driven north to the more Euro-supplied tip in the south, the needs, infrastructure, and socio-political climates differ greatly from region to region in Africa.
Read More →Ford Motor Co. announced on Nov. 12, 2003 that to further strengthen its commercial truck lineup, it is entering the low cab forward truck business with an all-new product to be introduced in 2005.
Read More →The key to a successful fleet sustainability program is making options available. Alternative fuels work in some regions of the country, while hybrids or bi-fuel vehicles may work best in other areas. These options allow even the most cautious of fleets to field alternative fuel vehicles with little or no risk beyond the initial purchase price.
Read More →Wholesale used-vehicle prices during fourth quarter 2008 were the worst on record. Since then, wholesale prices rose significantly in January through March. The improvement in pricing in 1Q 2009 reflects better-than-expected retail sales of used vehicles. Resale values for mid-size sedans are substantially higher than in 2008, as are prices for light-duty trucks and SUVs. However, consumer confidence and credit availability remain two wildcards to the market's ongoing vitality.
Read More →New car sales in Europe for the month of February were 7.8 percent higher than the same month in 2014.
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