Volkswagen may offer a mid-size pickup to U.S. buyers and is expected to show a concept version of it at the New York International Auto Show on Wednesday, sources told Automotive News.
Milder weather, greater railcar availability, softer retail demand, and fewer quality holds contributed to stable or decreasing order-to-delivery (OTD) times. Most OTD issues involved vehicles shipped from Mexico to the U.S.
The average price of a used vehicle for model years 2012 to 2016 decreased in value 1.3%, slightly more than the 1.2% decrease in May, according to Black Book. The price of cars overall dropped 1.8%, while trucks decreased 0.8% in value in June. All vehicles are averaging a 12-month depreciation of 16.7%.
General Motors has announced fleet incentives for its 2018 model-year vehicles for the Buick, Cadillac, Chevrolet, and GMC brands, which includes first-time fleet incentives for the Bolt EV and second-generation Chevrolet Colorado mid-size pickup.
After largely disappearing for several years, GM hopes to connect fleets with its mid-size truck offerings. The Colorado Work Truck trim is specifically designed with fleets in mind.
Both Chevrolet and GMC have introduced three all-new pickups to offer fleets a variety of options for their variety of needs.
Despite the compact truck market diving from 2 million sales to 250,000, there appears to be ample competition coming. Most believe the compact truck market is now expanding and will continue.