December 16, 2007
TORONTO, Canada --- Canadian fleet managers wishing to purchase new vehicles that qualify for the Canadian government's green rebate program now have more options.
Tags: Canada, Green, rebates
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By Mike Antich Fuel prices hit record highs. The cost of financing a fleet doubles. Used-vehicle values plummet. Dealers are unable to sell the vehicles they have in inventory. Geopolitically, the U.S. is embroiled in war and the macro-economy teeters on recession. If you think I'm talking about 2008, think again. The year was 1973.
By Mike Antich October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
By Mike Antich
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Automotive Fleet 500 Fleet Issue 2008 Census of U.S. Commercial Fleet & Non-Fleet Market, Top 300 Commercial Fleets, Top 100 Truck Fleets and much more…