Electric truck makers can expect a good year in 2010 as companies and government agencies buy these vehicles to reduce their CO2 emissions and pollution, and benefit from government loans and tax incentives. Smith Electric Vehicles says it's trying hard to meet back orders from several major corporate customers.
Ford CEO Alan Mulally keynoted the Consumer Electronics Show in Las Vegas for the second year running. Infotainment system Sync gained touchscreen control system MyTouch to continue Ford's edge over other automakers. Quality and technology are growing market share for Ford and returning it to profitability.
Certified pre-own vehicle sales were down 8.7% in 2009 from 2008, but Asian brands and some German brands performed well increasing sales significantly. Domestic automakers performed the worst. Consumers increasingly are turning to Internet searches to find vehicles so it is important for dealers to keep a good stock posted.
The RVI Group is forecasting used-car prices will climb 5% in 2010 and continue showing growth over four years. Peak year-over-year swing could reach 13% in 2012. Luxury midsize sedans are expected to see one of the largest price hikes.
Last year was tough for producers of biodiesel, especially as 2009 ended with expiration on a federal tax credit of $1 per gallon produced. When diesel prices dropped 18%, sales were hurt, and the European Union's decision to place a tariff on imported biodiesel further hurt the industry.