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

MobilityTRANS launches 2 new products

The SafeTbus line of shuttles and small buses for 2020 includes 20 standard safety features and another 14 safety options.

TransitWorks rebrands as Driverge

The company provides vehicles to an array of industries, including healthcare, fleet management, government, hospitality, wheelchair support, taxi, and other markets.

Via deploys on-demand service for The Rapid's paratransit system

This will be the company’s first-ever deployment fully dedicated to overhauling a city’s paratransit services.

MCI joins NCIL rally at U.S. Capitol

The 1.5-mile march draws more than 1,000 people with disabilities, disability advocates and allies, members of Congress, and government officials.

First Transit partners with Lyft for wheelchair accessible vehicles

Now launching in San Francisco and Los Angeles, the Lyft app allows passengers with accessibility needs to enable Access Mode.

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