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If retail consumers avoid buying new vehicles because of high inflation and interest rates, then OEMs may route more of them into fleet and lease channels.
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Combined sales into large rental, commercial, and government fleets were up 14.6% year over year in August.
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Sales into commercial fleets were up 19% year over year, and sales into government fleets were up 31%, but rental were down 7%.
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Broken down, government fleets were up 5.9% YOY, commercial fleets down by 0.1%, and rental fleet volume down 33% from last May.
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The maker of an all-electric commercial pickup truck now plans to start production later this year as it aligns and draws on capital funding sources.
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Looking at automakers, year-over-year changes in fleet sales differed by manufacturer, ranging from a decline of 97% to an increase of 28%.
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The Covid-19 pandemic and semiconductor shortage have disrupted the trend towards self-registrations in Europe. The Dataforce analysis of market channels in new registrations figures explains the pre-crisis trend and the changes in the last two years, along with the differences between market and brand strategies.
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The Italian leasing company Leasys has launched a new long-term rental option for light commercial vehicles. Called Leasys Pro, the rental includes full maintenance and insurance for a complete turn-key solution aimed at both corporate fleets, SME businesses and the self-employed.
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Toyota made a surprise debut of a brand new commercial vehicle at the Commercial Vehicle Show at Birmingham UK’s National Exhibition Centre, running August 31 to September 02., 2021. The car-derived van - the Toyota Corolla Commercial - will be built at Toyota's UK manufacturing facility in Burnaston, Derbyshire.
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Bill Gibson, director of national sales for ELMS, passed away on August 26, 2021, in Orlando, Fla., following a brief illness. Gibson is best remembered for his fleet career at General Motors, where he retired on April 30, 2011, as director, sales for General Motors Fleet & Commercial Operations. He worked at GM for 38 years, which included 21 years in GM Fleet & Commercial Operation, which included rental, commercial, and global fleet sales.
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