November Fleet-Commercial Sales Perk Up as Share of Total Volume

Fleet-commercial sales continued to improve in November and accounted for 35.84 percent of total vehicle sales, according to CNW Market Research.

The Bandon, Ore.-based research firm found that fleet-commercial sales were down only 0.9 percent in November, compared to the year-ago period.

Small business fleets have seen a steady improvement in monthly purchases from 2008 to 2009, with major progress achieved between spring and fall this year. Small-business sales were down 77 percent in May, but were only down 12 percent in November.

However, a recent CNW survey of small-business owners revealed a possible decline in capital spending, as the cost of business remains uncertain due to the uncertainty of healthcare, cap and trade and other major initiatives, Art Spinella wrote in CNW’s monthly newsletter.

Medium-sized business fleets have remained fairly consistent this year, while large-business fleets, including daily rental, have improved with declines shrinking from 45 percent in May to 26 percent in November.

Government fleet volume also may “increase over the coming quarter as aging vehicles are replaced with newer conventional and hybrid models,” and states receive an injection of federal dollars into their budgets, Spinella added.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Understanding The Fleetification of Everything

As fleet miles increase exponentially, and as new stratum of fleet enter both consumer and business use cases, the "founding fathers" who gathered at Fleet Forward in Miami last week have some work to do.

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Job Finder: Access Top Talent. Fill Key Positions.

>