February Fleet Sales Rebound Month Over Month – Remarketing

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Sales into rental were down 52% year over year, while sales into commercial and government fleets had modest year-over-year gains of 1% and 8%, respectively. - Source: Cox Automotive

Gross sales into rental have been down 52% 12 months over 12 months, whereas gross sales into industrial and authorities fleets had modest year-over-year positive factors of 1% and eight%, respectively.

Supply: Cox Automotive

Gross sales into massive fleets elevated 27% month over month in February to 124,507 items, the very best quantity up to now seven months, however remained down 12 months over 12 months, Cox Automotive reported March 8. Rental fleet gross sales quantity stays low whereas industrial and authorities each noticed modest year-over-year positive factors final month.

Mixed gross sales into massive rental, industrial, and authorities patrons have been down 30% 12 months over 12 months in February. Gross sales into rental have been down 52% 12 months over 12 months, whereas gross sales into industrial and authorities fleets had modest year-over-year positive factors of 1% and eight%, respectively.

Together with an estimate for fleet deliveries into the vendor and producer channel, Cox estimates the remaining retail gross sales tempo was down solely 8% 12 months over 12 months in February, resulting in an estimated retail SAAR of 12.2 million, which was down from 13.2 million final February and likewise final month’s 13.2 million charge.

February whole new-light-vehicle gross sales have been down 12% 12 months over 12 months, with the identical variety of promoting days in comparison with February 2021. By quantity, February new-vehicle gross sales have been up 6% over January. The February SAAR got here in at 14.1 million, an 11% decline from final 12 months’s 15.9 million, and down 6% from January’s 15 million tempo. Fleet share of whole gross sales was 12%, down 3% from final February’s share.

Amongst producers, solely GM noticed a rise in fleet deliveries in February, up practically 9%. All different producers have been down from final 12 months, with a variety of -18% to -63% among the many massive corporations.

 

Initially posted on Vehicle Remarketing



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