More News: Used Vehicle Market Hints at Normalcy Again
Fleet Sales Down Past Month, but Rise YOY
Sales into commercial fleets were up 19% year over year, and sales into government fleets were up 31%, but rental were down 7%.
August 8, 2022
Among manufacturers, Stellantis had the most significant increase over last year, followed by GM, while Hyundai and Kia had the largest declines.
Source: Cox Automotive
1 min to read
Sales into large fleets, not including sales into dealer and manufacturer fleets, decreased 15.3% month over month in July to 127,384 units, according to an early estimate from Cox Automotive released Aug. 5.
But combined sales into large rental, commercial and government fleets were up nearly 10% year over year in July. Sales into rental were down 7% year over year, while sales into commercial fleets were up 19% and sales into government fleets were up 31%.
Including an estimate for fleet deliveries into dealer and manufacturing channels, the remaining retail sales were estimated to be down nearly 13%, leading to an estimated retail seasonally adjusted annual rate (SAAR) of 11.7 million, up 2.9% from last month but down 8.5% from last year.
Among manufacturers, Stellantis had the most significant increase over last year, followed by GM, while Hyundai and Kia had the largest declines.
Originally posted on Vehicle Remarketing
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