Faced with investigations two months after a fatal accident, the TNC plans to regroup its venture for another day and place.
TORRANCE, Calif. — If you could find the strongest signal of a limousine industry comeback, it lies in the latest LCT Fact Book, which reports a surge in chauffeured vehicle sales for 2013.
The May issue Fact Book, to be digitally distributed to subscribers next week, reports new aggregate sales/production numbers of all Original Equipment Manufacturers (OEMs) and coachbuilders that sell to the chauffeured transportation industry.
OEMs and coachbuilders confidentially report sales numbers to LCT Magazine each year, which are then used to compute aggregate totals for major vehicle categories.
OEM figures were contributed by Lincoln, Cadillac, Chrysler, Mercedes-Benz, BMW and Toyota.
The latest numbers not only confirm a strong industry recovery, but point to a marketplace embracing a wider variety of vehicle brands, makes and models as operators seek to replace aging vehicles and adjust to the diversified post-Lincoln Town Car vehicle landscape. At the same time, the stretch limousine has not died. It's evolved and morphed into more custom-built stretches, luxury vans and all types of limo mini-buses and mid-coaches.
Related LCT article: 2014 ILCT Show Heralds Limo Industry Revival
The LCT Fact Book will feature a complete update of all key industry statistics based on LCT’s annual operator survey and industry analysis. Figures will include revenues, profit margins, purchasing trends, and fleets. The Fact Book also will feature a new reference format for manufacturer, supplier and industry listings.
LCT E-News will preview more survey results and trends next week.
— Martin Romjue, LCT editor
Related Topics: business growth, business trends, coachbuilders, Fleet Vehicles, industry trends, LCT Fact Book, limousine manufacturing, new vehicles, OEMs, operation growth, research and trends, vehicle purchasing, vehicle sales
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