While sales reached all-time highs, the oft-reported slowdown in the pace of growth is real as electric vehicles still remain too expensive for many average car buyers.
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.
In the latest of its ongoing reports on market conditions around the globe, Automotive Fleet has zeroed in on one of the tumultuous automotive market regions in the world — South America.
Procurement, as elsewhere in the world, has gained increased influence in fleet purchase decisions in Australia. One byproduct has been the growing trend to sole-source from a single OEM. Although acquisition costs are a key factor, fleet application, fuel economy, CO2 emissions, safety, and overall TCO continue to play important roles in the purchase decision-making process.
The automotive market in China is declining faster than expected due to economic uncertainty and government restrictions over vehicle ownership.
Vehicle sales in Brazil dropped last year despite hefty government incentives, as a weak economy weighed on consumer confidence.
The Sub-Saharan African commercial vehicles study gives a strategic overview of the commercial vehicles market in twelve Sub-Saharan African countries.
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