January 2022 fleet gross sales took a backseat to the retail market.
Supply: Cox Automotive evaluation of Bobit information
Producers choose the retail over fleet marketplace for now, with gross sales into massive fleets falling 48% month over month in January to 97,707 items, based on Cox Automotive numbers launched Feb. 8.
Mixed gross sales into massive rental, industrial, and authorities patrons have been down 36% yr over yr in January. Gross sales into industrial elevated 4% yr over yr. Gross sales into rental declined 61% yr over yr, whereas gross sales into authorities declined 23%.
Together with an estimate for fleet deliveries into the seller and producer channel, Cox Automotive estimates that the remaining retail gross sales have been down 6% yr over yr in January, resulting in an estimated retail seasonally adjusted annual price (SAAR) of 13.2 million, which was down from 14.1 million final January however up from December’s 11.0 million price.
January whole new gentle automobile gross sales have been down 10% yr over yr, with the identical variety of promoting days in comparison with January 2021. Month over month, January new-vehicle gross sales have been down 18%. The January SAAR got here in at 15 million, a ten% decline from final yr’s 16.8 million. January 2020 had a 16.9 million price.
Taking a look at automakers, year-over-year modifications in fleet gross sales differed by producer, with declines starting from -2.9% to -100%. Hyundai posted the biggest lower in comparison with January 2021.
Initially posted on Vehicle Remarketing