During the first six months of 2015, two core factors strongly influenced the commercial fleet market in Canada: price of crude oil dropping to below $40 per barrel and the foreign exchange rate of the Canadian dollar (CAD) declined against the U.S. dollar.
As of press time, the Canadian dollar was $0.75 CAD to the U.S. dollar. It was $0.92 CAD during the same period in 2014.
The strongest vocational segments for commercial fleet sales in Canada are energy and construction. As in the U.S., the small business segment is the growth engine for fleet sales.
For a full overview of the Canadian fleet market, go to the report by Automotive Fleet Editor Mike Antich here.
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