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Automotive Fleet predicts that overall fleet sales of light-duty vehicles will equal or fall slightly shy of 2023 sales, though will still lag some 22% behind total sales in 2019.
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Sales of rental car fleets plummeted last month, sending the year-to-date total to a break-even point.
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Increases in rental and government fleet sales offset another decline in commercial fleet sales.
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Fleet/lease sales are one factor spurring the volume, with 5-year-and-below vehicle sales up 32% so far this year.
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Commercial fleet sales were down more than 14% last month, tying its January decline and continuing a string of monthly losses.
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Year-to-date sales in commercial, rental, and government fleet sectors are scraping 600,000 vehicles sold.
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The latest numbers more activity in the lanes at Manheim in the second half of the month and finished the last week of February with some of the strongest weekly gains in wholesale prices for many years.
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Kommor will be responsible for fleet, government, and other growing B2B sales opportunities. The new role came as part of an announcement by Stellantis about a new sales organization structure bringing a renewed focus to the two primary sales channels – B2B and B2C.
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Rental fleet sales gain by a fifth compared to last year while commercial fleet sales dip by double digits.
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Four years after COVID emerged, vehicle prices are easing down amid some supply kinks, electric vehicle uncertainty, rising operational costs, and AI potential.
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