Subprime Crisis Metastasizes to Fleet Resale Market

An average end-of-service fleet sedan is three years old with 60,000-plus miles. The resale market for these used vehicles encompasses diverse demographics. However, in most cases, the dealers who buy fleet vehicles at auction will ultimately resell them to someone of limited financial means. In many cases, these buyers have less than stellar credit and may only qualify for a subprime auto loan. Since the onset of the subprime crisis, loan approvals for these customers are more difficult.

Morocco Fleet Market: Robust and Growing

There are an estimated 140,000 vehicles in operation in the commercial fleet market, which is comprised of 57% trucks and 43% cars. Tourism is a large segment of the economy, making daily rental the second largest fleet segment.

Landi Renzo USA Targets Alt-Fuel Market

TORRANCE, CA - Landi Renzo USA, a new subsidiary of Italian alternative-fuel systems maker Landi Renzo S.p.A., is planning to introduce a new variable-psi pressure regulator for natural gas vehicles, NGV Global reported.

Hyundai, Kia Considering Diesels for U.S. Market

Hyundai and Kia Motors may introduce diesel-fueled vehicles in the U.S. to meet stricter fuel efficiency regulations, a senior official with the automakers told Ward's Automotive.

Mahindra Aims to Grow South African Car Market Presence 50%

The Mahindra Group is expecting to grow sales in South African passenger car market by 50 percent in 2013.

Qatar CV Market to Increase 13 Percent Through 2020

A rising number of development projects coupled with growing building and construction activities is anticipated to drive the demand in Qatar for medium and heavy commercial vehicles over the next few years.

Manheim Organizational Changes Will Maximize Focus on Services Offered to Customers

ATLANTA – Effective Aug. 1, Manheim will make several organization changes to maximize the company's ability to both build on the strength of its operating locations and on its service offerings.

Report Says GE Capital Fleet Services May Acquire LeasePlan

Resale Values Up, But Market Remains Fragile

Resale values for mid-size sedans are substantially higher than in 2008, as are prices for light-duty trucks and SUVs. Contributing to this rebound is a decrease in wholesale inventory, low fuel prices, and strong retail used-vehicle sales.