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.
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.
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.
The National Safety Council estimates that more than 660 people could lose their lives on U.S. roads during the upcoming Christmas and New Year's holiday periods.
A new vision of fleet management is emerging, helping to increase fleet managers’ perceived value to senior management.
Over the past several decades, the purchasing managers of yesteryear reinvented themselves into procurement professionals whose function is now viewed as a strategic asset that provides a competitive advantage to a corporation. Can fleet management, likewise, elevate its perceived value to a corporation, especially in the eyes of its senior management? I say yes, and the timing is right to do so.
Conventional wisdom in the fleet market is often wrong. If we roll back the calendar, the conventional wisdom about fuel prices was that there would be ebbs and flows in price per gallon rates, but the overall price trajectory would trend upward. The flaw with conventional wisdom is that it only works when no new variables are inserted into future projections. A case in point is the shale oil revolution, which now has experts predicting oil prices will remain flat for the foreseeable future.
Two of every five vocational truck fleet managers plan to increase their vehicle count in 2017 and more than half now use telematics, according to the NTEA's 2017 Fleet Purchasing Outlook.
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