Commercial Trucks Next Under Emissions Regulation Gun
The commercial truck sector begins preparing for the first effort to limit fuel use and carbon emissions at one time. Commercial vehicles will become cleaner, more fuel-efficient - and more expensive - when fuel economy and carbon emission standards that the federal government proposed in October begin to take effect.
Chrysler Targets Resale Value Improvements
Chrysler wants to improve the resale value of its products to increase lease revenue and improve company image. The new Grand Cherokee exemplifies the new strategy with improved features and different pricing. ALG says residual value went from 35% to 45% in the 3rd quarter.
Trucks Continue Driving Wholesale Stability
The wholesale arena is looking good, says Ricky Beggs, managing editor of Black Book, with the degree of change in wholesale prices staying fairly level. The real strength is in the truck segments, says Beggs, with an average change of +$8.
Quality Has Sold Consumers on Older Vehicles, Banks Says
Jonathan Banks, automotive analyst for NADA Used Car Guide, says older vehicle models are growing in value, due to ever-improving quality, plus advancements in vehicle history reports, and are a growing opportunity for auto dealers.
Hertz to Rent Electric Vehicles
Hertz will be offering electric vehicles for rent in New York, Washington D.C., and San Francisco as part of its global electric vehicle program offering both plug-in and hybrid vehicles for rent. Smart Car will be leasing its electric Fortwo in 2012 with its 3rd-generation technology.
