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Ford's Transit Connect paced a 28 percent increase in sales of compact vans in 2014 in a segment that saw the introduction of one new model with a second model debuting in early 2015.
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The ongoing economic recovery has fueled slightly higher depreciation for medium-duty trucks. It is expected that overall depreciation for 2015 will be 15.5-16.5%.
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Vehicle manufacturers should sell 16.5 million light-duty vehicles in retail and fleet channels in 2014, which represents a 6 percent increase from 2013 amid the backdrop of an improving U.S. economy, according to Edmunds.com.
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Fuel economy for new vehicles sold in November averaged 25.3 mpg for the third straight month, according to a study from the University of Michigan’s Transportation Research Institute (UMTRI).
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Fuel economy for new vehicles sold in October averaged 25.3 mpg, which is the same fuel economy for light-duty vehicle sold in September, according to a study from the University of Michigan’s Transportation Research Institute.
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Domestic cars lost the most in value at 3.2 percent among vehicles from the 2009-2013 model-years, while domestic trucks lost 2.1 percent. Compact pickups and full-size passenger vans and full-size cargo vans showed the most strength.
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The Class 5-6 truck market is very similar to the Class 3-4 market and shares many of the same trends. Among the key trends driving this market are fuel spend, downsizing, the growing receptivity to telematics devices, and funding.
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Nine automakers sold 43,844 commercial fleet vehicles during the month compared to 39,352 sold during the same month a year ago. The 4,492-unit increase represents an 11.4 percent increase.
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Nearly 400 people will be killed in vehicle crashes and another 42,300 will be injured, according to the National Safety Council.
Read More →Novelis, a provider of aluminum rolling and recycling, has announced price increases on its North American Automotive and Specialty aluminum sheet products for all new orders effective immediately.
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