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

Sure-Lok retractor makes wheelchair securement fast, easy

The Titan800 Retractor System is designed to meet the latest WC18 industry regulations, which take effect December 2015.

 

Reasonable modification rule to improve accessibility introduced

The Final Rule applies to public entities providing fixed route, dial-a-ride and complementary paratransit services. It establishes that an individual’s disability cannot preclude a public transportation entity from providing full access to its service except where doing so would fundamentally alter the service.

San Francisco kicks off free rides program for seniors, people with disabilities

Following unanimous approval by the SFMTA board in January, the SFMTA has worked tirelessly to meet the city’s demand for this program. In just over one month, the SFMTA has processed more than 38,000 applications for the Free Muni program expansion.

Group accuses Montreal transit of ableism

The accusations stem from a human rights complaint by a rider who said a bus driver refused to lower the wheelchair ramp for her because she was using a walker and not a wheelchair. STM holds monthly meetings where they open the floor to citizens to ask questions directly to board members.

Mass. transit agency, non profit team for veteran call center

The Berkshire Regional Transit Authority Soldier On call center coordinates transportation for veterans and their families traveling to VA medical centers in Leeds, Mass. and Albany as well as Pittsfield’s VA clinic. Users can also coordinate work, education and shopping trips using existing routes.

See More News

Post a Comment

Post Comment

Comments (0)



Please sign in or register to .    Close