Policy makers at the Federal Reserve on Wednesday announced an increase in interest rates for the first time this year and only the second time since the depths of the Great Recession and there are expected to be at least some repercussions for trucking.
New vehicle sales, including fleet deliveries, are projected to reach approximately 1.7 million units, a 12.8% increase from a year ago, according to a report by True Car.
Ford sold more vans in January than any other January since 2001 on the strength of its new 2015 Transit full-size van and redesigned Transit Connect compact van, Ford announced.
Vehicle manufacturers should sell 16.5 million light-duty vehicles in retail and fleet channels in 2014, which represents a 6 percent increase from 2013 amid the backdrop of an improving U.S. economy, according to Edmunds.com.
New registrations in Western Europe climbed by almost 6 percent, the U.S. auto market grew by more than 9 percent, and passenger car sales in China rose by 8 percent, according to a report by the Verband der Automobilindustrie (VDA).
Sales of pickups and vans helped boost General Motors' June fleet sales, which increased 2 percent compared to a year ago.
Global automotive growth was seen in the passenger car markets in Western Europe (+6 percent) and Japan (+19 percent), while, in China, demand for passenger cars recorded a double-digit increase (+22 percent).
In January, the European, Chinese, and Japanese auto markets posted substantial gains. In contrast, the auto markets in the U.S., Russia, and India saw their market sales contract.
The automaker is reporting a 15% increase in retail sales compared to 2012, when it outsold Toyota by 329,677 vehicles in the U.S. Through November, Ford held a lead over Toyota of 396,041 vehicles sold.
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