NADA Commercial Vehicle Market Update – Oct 2013
The 40th anniversary of the oil embargo by the Organization of the Petroleum Exporting Countries (OPEC) took place this month. That six month embargo that cut the supply of oil to the US and skyrocketed gasoline prices. The second gasoline crisis in 1979, again drove up pump prices and forced drivers to wait in long lines to fill their tanks. Here’s a look at the impact of the oil embargoes in the 1970s until now on fuel prices, legislations, fuel-efficient vehicles, and other issue that have carried on……………….
Implementing federal regulations on fuel economy and emissions for commercial trucks has become a legal battle. Truck makers are split over whether one of the major OEMs should be granted the ability to pay penalties instead of complying with the US Environmental Protection Agency (EPA) standard. Navistar International Corp. paid a penalty to allow its non-conforming engines to go to market. Daimler Trucks North America, Mack Trucks, and Volvo Group North America used selective catalytic reduction technology and did meet the standard – and don’t want to see Navistar be excused……………
Government fleet vehicles are expected to play an integral role in California and seven other states meeting California rules requiring 15% of new vehicles sold to be zero-emission vehicles by 2025. Governors from these seven states – Connecticut, Maryland, Massachusetts, New York, Rhode Island, Oregon, and Vermont – met in Sacramento on Thursday with California’s governor to say they’re following California’s rule. If the states meet this ambitious target, it would bring 3.3 million of these vehicles on their roads by 2025……………….