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Employees driving leased or rented vehicles bring up some viable insurance concerns.
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Rental fleet sales stand out with continued increases year-over-year and year-to-date but no longer prop up the fleet segment.
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A mixed sales bag included gains at dealer auctions from trade-ins, a spike in used EV sales, and a spurt in 1–2-year-old vehicles from rental fleets.
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Doubts, disputes, and different views on the quality and state of auctioned vehicles and returned rental cars will recede as more data brings greater clarity.
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While the market digests the impact of tariffs, it could see slightly higher levels of wholesale depreciation over the summer.
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Rental fleets continue upward while commercial and government fleets decline again.
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In the first month after the U.S. levied steep tariffs on the automotive sector, the rental car sector got all the gains.
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Rental, commercial, and government fleet sales fell against February 2024 numbers but are up after a slow start to the new year.
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An alliance of fleet, rental car, insurance, and consumer associations are working together to expand access to the large amounts of data that vehicle systems and operations generate.
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Electric vehicle sales of all ages hit the highest tally ever recorded for any month-to-date, while sales of used rental cars spiked the under two years segment.
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