More News: State of Used Vehicle Market and Economy
Fleet Sales Increase in August, YOY
Combined sales into large rental, commercial, and government fleets were up 14.6% year over year in August.
September 9, 2022
Commercial and government fleets sales rose at a healthy clip, but rental declined in August YOY.
Graphic: Cox Automotive
1 min to read
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 0.8% month over month in August to 128,464 units, according to an early estimate from Cox Automotive released Sept. 7.
Combined sales into large rental, commercial, and government fleets were up 14.6% year over year in August. Sales into rental were down 18% year over year, while sales into commercial fleets were up nearly 37% and sales into government fleets were up 28%.
Total August new-vehicle sales were near 1.14 million units, up 3.6% from last year with one more selling day than August 2021, with an estimated retail seasonally adjusted annual rate (SAAR) of 11.5 million, down 0.2 million from last month’s pace, or 1.3%, and up 1% from last August’s 13.1 million pace.
Among larger manufacturers, GM and Ford had the largest year-on-year increases while Stellantis had the largest decline.
Originally posted on Vehicle Remarketing
More Remarketing
Wholesale Used-Vehicle Values Fall as Cox Automotive Cuts 2026 Forecast
Wholesale used-vehicle prices declined in September as depreciation accelerated, prompting Cox Automotive to lower its year-end forecast.
Read More →
FLD Promotes Three Executives in Leadership Changes
FLD has promoted three longtime executives, naming Gary Mott CEO, Richard Mallek president, and Ron Sanders managing partner.
Read More →
Ford Pro Launches Certified Pre-Owned Program for Commercial Vehicles
Ford Pro Advantage will offer certified pre-owned Class 1-7 commercial vehicles through more than 700 Ford Pro Commercial Vehicle Centers.
Read More →
Copart to Acquire ACV in $1.9 Billion Deal
The acquisition would expand Copart beyond its traditional salvage business into dealer-to-dealer wholesale remarketing while adding ACV’s vehicle data, inspection, and valuation technology.
Read More →
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →
Commercial Fleet Sales Contribute To June, YTD Gains
The fleet sector has boosted its vehicle purchases at a reliable pace in the first half of this year compared with 1H 2025.
Read More →
Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
Read More →
Wholesale Used Vehicle Market Sustains Moderate Rise In Values, Prices
Trends continue to normalize after a strong start to the year, as consumers contend with higher gas prices in the coming summer months.
Read More →
Commercial Fleet Sales Still Lead Sectors Despite May Mini Dip
The U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
Read More →
How Connected Vehicle Data Is Lifting Fleet Resale Values
A vehicle health score could improve the value of fleet vehicles at remarketing. The path to a universal standard is forming, and fleets that understand the process early will be better positioned when it arrives.
Read More →