The combined sales for the three fleet sectors in July totaled 147,543 vehicles, down 14% from the July 2023 total of 171,464 fleet vehicle sales.
Combined industrial, rental, and government fleet sales have collectively glided down for many of this yr, leading to a statistical 0% year-over-year tie as of July 31.
Fleet sales for the primary seven months of 2024 hit 1,372,187, barely up from the 1,371,577 vehicles sold in the course of the same period of 2023. The miniscule rise of 610 vehicles registers as a 0% gain.
The monthly fleet sector breakdown of July 2024 versus July 2023 sales is:
- Industrial Fleets: 68,410 vehicles were sold into industrial fleets in July 2024, in comparison with 71,414 in July of last yr, for a decline of 4.2%.
- Rental Automobile Fleets: 54,439 vehicles were sold into rental fleets in July 2024, in comparison with 78,368 in July of last yr, for a drop of 30.5%.
- Government Fleets: Fleet vehicle sales rose to 24,694 in July 2024 from 21,682 in the identical month last yr, rising 13.9%. (Note: Apples-to-apples comparisons with government fleet sales usually are not possible attributable to a number of OEMs not reporting any sales from month to month. In July Hyundai, Nissan, Subaru, and Toyota didn’t report any sales to government fleets).
The combined sales for the three fleet sectors in July totaled 147,543 vehicles, down 14% from the July 2023 total of 171,464 fleet vehicle sales.
As OEMs have ramped up post-pandemic vehicle production, more vehicle buyers are coming off the sidelines and are replacing fleet vehicles they held longer than usual in recent times.
Bobit, owner of Automotive Fleet, Vehicle Remarketing, and Auto Rental News, compiles fleet sales numbers that reflect aggregate figures from the three major Detroit-based auto manufacturers and the Asian Big 6 automakers.
This Article First Appeared At www.automotive-fleet.com
