Q2 2018 contents GLOBAL FLEET MARKET REPORTS 3 Vehicle Connectivity to Revolutionize Fleet Management In the next decade, several major megatrends, such as autonomous vehicles and mobility management, will begin to disrupt the leet industry. One thing for certain; the term leet management will soon become inadequate to fully deine the scope of our industry. PHOTO: ©ISTOCKPHOTO.COM/WRAGG GL L F OBA LE ET ET CONDITION S Q2 M AR K 10 Deep Dive Analysis of the Fleet Market in Mexico The automotive industry in Mexico has been growing each year since 2009, but 2017 was the irst year sales decreased. Although retail and leet sales declined, the Mexican automotive industry continues to post strong export sales. 201 8 MARKET OVERVIEWS: ◗ MEXICO AUTO PRODUCTION BOOSTED BY STRONG EXPORT SALES ◗ COMMERCIAL FLEET MARKET IN ARGENTINA GAINS STRENGTH ◗ FLEET MARKET FLAT AS ECUADOR EMERGES FROM RECESSION ◗ USA FLEET MARKET ANALYSIS ◗ HIGHER PRICES IN USA FLEET MARKET REINVIGORATE COST CONTAINMENT INITIATIVES ◗ KEY TRENDS IN THE GLOBAL TRUCK MARKET 11 Commercial Fleet Market in Argentina Gains Strength The largest leet market in Argentina is among large multinational corporations, such as pharmaceutical companies, but there is also a strong vocational leet market in food distribution, petroleum, mining, and utilities. 14 Fleet Market Flat as Ecuador Emerges from Recession The strongest sectors acquiring commercial leet vehicles are agricultural, construction, pharmaceuticals, petroleum, telecommunications, and consumer product companies. Car rental and government are the two top leet markets. 10 16 USA Fleet Market Analysis The USA leet market is comprised of more than 10 million vehicles, of which 75% of the vehicles are trucks and vans. The fastest growing non-segment of the USA leet market is among small businesses operating between ive-14 vehicles, which represent 435,000 businesses. The businesses are also the fastest growing segment of the USA’s national macro-economy. 19 Higher Prices in USA Fleet Market Reinvigorate Cost Containment Initiatives Fleet costs are experiencing upward pressure in a variety of areas, ranging from higher vehicle acquisition due to the proliferation of safety systems to increased material costs to manufacture tires, replacement parts, and upits. 11 22 Key Trends in the Global Truck Market The medium and heavy truck markets have expanded in every major leet region of the world. The following charts identify medium and heavy truck production by region with a drill down in the China and European markets. 14 2 AUTOMOTIVE FLEET I Q2 2018
Automotive Fleet May 2018: 2
