Fleet Sales Contribute to 34-Year Low

Sales to rental fleets dropped 58 percent in February year over year, contributing to an overall vehicle sales plunge of more than 41 percent for domestic and foreign manufacturers.

The dip in rental fleet sales outpaced the overall February monthly fleet sales total, which also includes commercial and government fleet purchases. For January and February combined, total rental fleet sales dropped close to 63 percent, while rental fleet sales for the domestic manufacturers are off a staggering 82 percent during this period.

February’s seasonally adjusted sales rate is projected to be 9 million to 9.5 million units. The February sales performance was worse than most analysts’ forecasts and is the weakest in at least 34 years, Automotive News reports.

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

Another Ridiculous “Used Fleet Vehicle” Scandal

While media reports concentrate on the sting and the “outrage,” where’s the empirical evidence that fleet vehicles are less mechanically sound than vehicles sold from private owners?

Will IoT Herald a New Era in Fleet Efficiency?

With the ELD rule finally in effect, small fleet operators need to hunt for new efficiencies. In transportation logistics, Internet of Things (IoT) systems could have similar lasting impacts as telematics.

Will Cars Become Transportation Appliances?

The cars are still the stars, but this year’s L.A. Auto Show revealed an auto industry at a crossroads.

Job Finder: Access Top Talent. Fill Key Positions.

>