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

WMATA taps taxi companies for subsidized Md. paratransit services

The decision was a win for disability rights activists who pressed WMATA officials to avoid companies such as Uber, because they lack vehicles with wheelchair-ramps and have been sued for alleged violations of the Americans with Disabilities Act.

Capital Metro steps up to rescue those impacted by Hurricane Harvey

The agency was able to send five vehicles for the transport of 10 wheelchair passengers from a medical facility in Corpus Christi, Texas to a shelter in San Antonio. They are also offering free passes and travel training to those people that are in shelters in Austin.

Transdev contracted for Denver paratransit system

Transdev operations are scheduled to begin Oct. 1 for the Access-a-Ride program, serving Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, and Jefferson counties in the Denver Metro region.

Car commuters dwarf public transit riders in job access

According to a study, low-income workers who commuted by car had 30 times the access to jobs than those who took public transit. The advent of ridesharing and bikesharing could close the gap.

Mich.'s Blue Water Area Transit adds Q'Straint Quantum securement system

Wheelchair-using passengers simply push a button to engage the system’s automatic locking sequence. Quantum’s arms move into position and secure the passenger’s mobility device by gripping its wheels. The system continues to adjust its grip as needed during the bus ride.

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