The Car and Truck Fleet and Leasing Management Magazine

J.D. Power and LMC Automotive Say U.S. Fleet Sales Improve in September

September 19, 2013

J.D. Power and LMC Automotive released their latest report on automotive sales for August and September, noting that fleet sales in September will return to a share of 18 percent, compared with the drop in share to 11 percent that occurred in August.

"Fleet sales have been averaging between 20 and 22 percent annually and typically have a much lower margin than retail sales," said Jeff Schuster, senior vice president of forecasting at LMC Automotive. "Therefore, fleet sales below 18 percent contribute to the overall financial health of the industry."

In general, the pace of new-vehicle sales in September slowed slightly due to fewer selling days and the Labor Day holiday. Total automotive sales in Sept. are expected to rise 4 percent, having been positively affected by fleet sales for the month.

LMC Automotive said its 2013 forecast for total light-vehicle sales will be 15.6 million units, but that retail light-vehicle sales are tracking just ahead of expectations and the company expects they will come in at 12.9 million units.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

During her 18-year career with PHH, Patsy Mance worked in a variety of positions at the Hunt Valley, Md., headquarters office until 1974, when she was promoted to account executive and assigned to a field position in New York City.

Read more

Lifecycle Costs Analyzer

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Up Next

More From The World's Largest Fleet Publisher