Fleet sales drop slightly as rental car sales pick up – Remarketing
In August, 112,069 total fleet units were sold, a 3% month-over-month decrease from 115,976 in July and an 11% increase from August 2020 which recorded 101,159 units , Cox Automotive reported on September 3 in a press release.
This brings the cumulative total for the year 2021 of large combined purchases of rental, commercial and government vehicles of new vehicles to 1.2 million units, an increase of 6% compared to this period in 2020 when 1.1 million units were sold and a decrease of 41% compared to the same period. times in 2019 when two million units were sold.
Sales to large rental, commercial and government buyers were up 11% year over year in August. Rental sales increased 118% year-over-year in August and 7% compared to the same period last year. Commercial sales are down 44% year-over-year and up 17% in 2021. Including an estimate of fleet deliveries in the dealer and manufacturer channel, Cox estimates that retail sales remaining were down 19% year-over-year in August, leading to an estimated retail SAAR of 11.5 million, down from 13 million last August and at 13.8 million. ‘August 2019.
Total new vehicle sales in August were down 17% year-on-year, with one less selling day compared to a year ago. On a monthly basis, new vehicle sales in August were down 15%. The seasonally adjusted annual rate (SAAR) for August was 13.1 million, which was the lowest sales pace in 15 months and down 14% from 15.2 million last year and over. 23% at the rate of 17.1 million in August 2019.
For automakers, year-over-year variations in fleet sales differed by manufacturer, ranging from a 20% decline to an increase of 107%. Toyota saw the strongest growth last month with more than 15,000 sales, with General Motors recording a 20% drop from August 2020.
Originally posted on Vehicle Remarketing