Accessibility

Specialty vehicle buyers eyeing mini buses, limo buses, motorcoaches

Posted on March 6, 2014

Mini buses, limo buses and motorcoaches are expected to be in high demand by specialty vehicle buyers in 2014, according to a new survey by GE Capital, Commercial Distribution Finance (CDF).

CDF is a major provider of financing for manufacturers and dealers of specialty vehicles including buses, mobility vans, emergency vehicles and more.

One-third of survey respondents said the mini bus would be the most popular type of transportation for buyers in this segment in 2014, followed by the limo bus at 25% and motorcoach at 15%.

“Buses are in demand now — a trend that came through at the recent International Limousine, Charter and Tour tradeshow and again in our survey results,” said Tim Hyland, president, recreational and specialty vehicle group, at CDF.

Survey respondents were overwhelmingly upbeat about the sales outlook, with 40% expecting growth of 5% to 10%, and 35% expecting 10% to 15% growth. Twenty-one percent are expecting growth of 15% or more. No respondents expect a decline in sales.

Other reasons for optimism were product availability and affordability, while growth of smart phone “hailing” apps was cited as a business concern. In addition, there’s lingering concern about consumer demand.

“While the survey points to optimism in regard to sales and, in turn, consumer demand, consumer confidence is still a factor,” said Hyland. “The economy drives demand, and uncertainty remains in regard to the overall economic direction of the U.S.”

GE Capital’s survey was conducted Feb. 17 at the International Limo, Charter and Tour show in Las Vegas. The 52 respondents represent a variety of limo, charter and tour industry participants, including manufacturers, dealers, operators and suppliers.

View comments or post a comment on this story. (0 Comments)

More News

ARBOC, Specialty Vehicles partner for low-floor, purpose-built trolleys

The new Trolley will be manufactured on the Freightliner XBA low-floor, rear-engine diesel chassis. This chassis was designed by ARBOC and is built by Freightliner exclusively for ARBOC.

School launches navigational app for bus riders with visual impairments

The micronavigation app provides user-submitted navigational clues to help bus riders with visual impairments locate outdoor bus stops more precisely.

San Diego MTS named 'Employer of the Year' by disability group

The award highlights the agency's commitment to diversity in the workplace and expanding job opportunities for persons with developmental disabilities.

NY MTA's paratransit system is inefficient, reports say

To help reduce costs and increase service, one recommendation is to give disabled residents subsidies for accessible cabs and ride-hailing services like Uber and Lyft.

MBTA Launches RIDE Pilot Program with Uber, Lyft

MBTA has launched a pilot program with ride-share companies Uber and Lyft to save costs and deliver customers of the MBTA’s “THE RIDE” options for on-demand service through their smartphones.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close