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Sales of vehicles from eight manufacturers to commercial fleets increased 8.1% to 65,554 vehicles in May compared to a year ago with a double-digit increase in sales of passenger cars.
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Analysts contend that the crude oil supply-and-demand imbalance will be righted just as soon as the price climbs high enough to compel U.S. shale-oil drillers to again ramp up production.
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Orders of medium-duty vehicles remained strong in April, even though they fell 10% from a March peak and came in 12% higher than a year ago, according to ACT Research.
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Rising used vehicle depreciation pulled average April values into the red in a month that's typically the last strong month of the spring season, according to Black Book.
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Sales of vehicles from nine manufacturers to commercial fleets increased 1.4% to 69,433 units in April compared to the same period in 2015 as a boost in truck sales made up for flagging car sales.
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California cities such as Bakersfield, Los Angeles, and Long Beach have again been named to a list of cities with the most air pollution caused by coal-fired power plants and older diesel truck engines.
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Commercial sales of vehicles from nine manufacturers increased 19.9% to 73,752 units in March compared to a year ago, as trucks outpaced passenger cars by a wide margin, according to Automotive Fleet data.
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Sales of vehicles to commercial fleets from nine manufacturers increased 21% to 58,867 units in February from a year ago on the strength of sales of trucks, vans, and SUVs.
Read More →For the first time in nearly a decade, concerns about reliability have increased as a reason consumers avoid certain vehicle models, a recent J.D. Power survey has shown.
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Growth in adoption of natural gas vehicles has been slower than previously anticipated, mostly due to drops in oil prices, as well as lower costs and increased capacity of batteries for electrified vehicles.
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