Commercial vehicles with usage-based insurance market is projected to grow by more than 18% by 2024, according to new research from Global Market Insights, Inc.
The number of EVs on U.S. roads will double by 2021, according to an association representing privately held electric companies.
Higher fuel pricing has been the No. 1 factor contributing to higher operating costs in calendar-year 2018. Since fuel makes up the largest portion of fleet operating costs, it has strongly contributed to the increase in total fleet spend.
Edmunds is forecasting 1,392,434 new vehicles sales through September, representing a 5.4% decline from March and an 8.3% decline from the same time last year.
Commercial vehicles are expected to run on diesel fuel through 2040 due to increases in fuel economy, according to new research from IHS Markit.
Several analysts have boosted earnings estimates for Element Fleet Management for the first quarter of 2019, following the company's Aug. 14 quarterly earnings report.
Used-vehicle values have held strong this year. A strong economy and more efficient remarketing strategies are helping make 2018 a banner year for used-vehicle values.
Fleet mainstays such as pickups and vans are expected to perform well at wholesale this year. Higher-end vehicles, such as those found in executive fleets are expected to struggle.
A global market research firm says worldwide revenue from autonomous truck and bus technology hit $84 million, and will likely reach $35 billion by 2023.
In the years following the recession, U.S. economic growth has been "so modest that no sector has been overheated,” said William Strauss, senior economist and economic adviser at the Federal Reserve Bank of Chicago.
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