A Kelly Blue Book report shows growing interest in electric and green vehicles, especially SUVs.
April Fleet Sales Retreat After March Improvement
Figures remain down 16% from year-ago level.
A Kelly Blue Book report shows growing interest in electric and green vehicles, especially SUVs.
Figures remain down 16% from year-ago level.
A 17.1 million total would match 2019’s total and mark the sixth year in a row that new-vehicle sales would top 17 million.
Trucks have shown the most strength of any segment with full-size trucks up 3%, while Kelley Blue Book shows midsize pickups rose 6%, aided by new and redesigned models.
The average fuel economy of new vehicles sold in the U.S. in December fell to 25 mpg — down 0.2 mpg from a revised November value, according to Brandon Schoettle and Michael Sivak, researchers from the University of Michigan's Transportation Research Institute (UMTRI).
UPS has announced it has reserved 125 Tesla Semis, the new electric Class 8 truck that was recently unveiled by Elon Musk.
PepsiCo is the latest large fleet to make a significant investment in the recently announced Tesla Semi electric heavy-duty truck, reportedly ordering 100 vehicles.
New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.
The commercial vehicle market in 2016 was a tug of war between gaining medium-duty and declining heavy-duty sales, according to IHS Markit. Next year, medium-duty sales may be high enough to offset those losses.
Sales of Ford’s medium-duty F-650 and F-750 trucks have increased 59% year-over-year through August, the best year-to-date sales through August since 1997, according to Ford.
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