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U.S. fleet sales for August were strong and reached levels for the month not seen since 2019.
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All major market vehicle segments saw price declines year over year and all were down compared to the previous months, except for one.
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All large manufacturers showed gains in fleet over last year, with combined sales into large rental, commercial, and government fleets improving.
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Fleet sales have helped underpin the market improvement so far this year. Forecasts suggest fleet sales could increase by more than 40% year over year,
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The additional Stellantis electric vehicles will allow Merchants to provide fleet managers with more short- and long-term EV leasing options.
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Conditions have shifted to favoring buyers, but with tight supply, the market is not far from being balanced between buyers and sellers.
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Estimates shows strong sales gains from rental, government, and commercial sectors as the supply chain squeeze of 2021-22 continues to ease.
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General Motor’s new suite of tailored solutions features a single sales touchpoint to access products and services for both ICE and EV vehicles.
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Major automakers appear to be preemptively pulling the fleet lever to stymie any significant increase in retail inventory.
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After closing out 2022 with the longest-running, sharpest decline over a single year, wholesale used vehicle prices have risen in 2023.
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