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Commercial and government fleets sales start the year with losses while rental fleet purchases show a healthy rise.
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Rental fleet vehicles gained the most and totaled almost half of all fleet sales last year.
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Rental fleet sales showed the most positive trends last month compared to vehicles sales into commercial and government fleets.
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Sales trends may have been affected by business disruptions early in October caused by hurricanes Helene and Milton coming back-to-back.
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Combined sales of the three primary fleet sectors were up 16.5% last month compared to October 2023.
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Fleet managers, commercial fleet buyers, and Toyota fleet executives gathered at the Omni Amelia Island Resort to dive into new products, understand Toyota’s path to carbon emissions reductions, and drive Toyota vehicles.
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2024 ARA Summer Roundtable: Remarketing industry economists probed automotive sales trends in a recovering but variable marketplace.
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September numbers point to either declines or tepid growth across the commercial, rental, and government fleet sectors.
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Sales conversion continued to rise and held at much higher levels than prior years for the month as more buyers came to markets to replenish supply for used retail inventory.
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Figures show a continued slowdown in total commercial, rental, and government vehicle sales as year-to-date sales dip below last year.
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