Rising global demand for electric vehicles and economic energy storage systems has led to projections showing an orders-of-magnitude increase in demand for lithium.
Clean Energy Fuels announced a new Zero Now Financing program that makes the cost of purchasing a new natural gas heavy-duty truck equalizes to the price with a similarly equipped diesel truck.
Through the partnership, purchases of IVECO vehicles — which run on compressed natural gas, liquefied natural gas, bio-methane, and electricity — will be granted preferential financing conditions by BNP Paribas.
Fleet managers are manufacturers of used vehicles. Many of the buyers of used fleet vehicles are C and D paper buyers. One unintended consequence to companies extending the service lives of fleet vehicles is that it is more difficult for used-vehicle dealers to finance C and D paper buyers in the secondary funding market. The issue, from the perspective of the finance company, is the remaining life of higher-mileage vehicles.
October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
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