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The strongest sectors acquiring commercial fleet vehicles are agricultural, construction, pharmaceuticals, petroleum, telecommunications, and consumer product companies. Car rental and government are the two top fleet markets.
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The causes and the consequences lower commodity prices to the respective automotive and fleet markets of Venezuela and neighboring Ecuador and Colombia is the focus of the latest market overview by Automotive Fleet.
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Venezuela and Ecuador are heavily dependent on petroleum exports, as is also Colombia, but to a lesser extent. The steep drop in crude oil prices and other commodities is severely impacting these countries.
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UPS has expanded its UPS Worldwide Express package service to 23 additional countries and territories, with the majority of the expansion taking place in Latin America, including Colombia and Ecuador.
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The South American automotive market has tremendous potential. IHS Insights forecasts the continent’s automotive market will grow significantly by 2025, becoming one of the top three growth markets globally for light-vehicle sales.
Read More →Dubai-based Abraaj Group has announced the acquisition of a majority stake in URBANO Express, a courier and light logistics solutions company in Latin America with operations in Peru, Ecuador and El Salvador.
Read More →The Ecuadorian Army received 709 logistics support vehicles during a recent ceremony at Ft. Huancavilca in Guayaquil.
Read More →The Coordination Ministry of Production, Employment and Competitiveness (CMPEC) recently signed a framework agreement with several vehicle companies to promote the use of electric vehicles in Ecuador.
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