Total fleet sales for the month — which is comprised of commercial, rental, and government sales — came in at 132,560, which represented a 27.2% drop from the same time last year, and improvement over the 34.2% decline in September.  
 -  Image: Niek Verlaan from Pixabay.

Total fleet sales for the month — which is comprised of commercial, rental, and government sales — came in at 132,560, which represented a 27.2% drop from the same time last year, and improvement over the 34.2% decline in September. 

Image: Niek Verlaan from Pixabay. 

Commercial fleet sales from nine manufacturers totaled 55,252 in October 2020, representing a 12.6% overall decrease when compared to the same time last year, though these declines were impacted by a 49.5% drop for sedans, which represents the smallest segment volume for commercial fleets.

Total fleet sales for the month — which is comprised of commercial, rental, and government sales — came in at 132,560, which represented a 27.2% drop from the same time last year, and improvement over the 34.2% decline in September. Overall declines continue to be driven by the significant reduction in the rental market.

Month-over-month declines in commercial fleet sales seen during the pandemic have become less significant. Though commercial truck and SUV sales are still down by 9.4%, this is an improvement over the more notable declines witnessed during the Summer. 

Overall rental sales are at negative 43.3%, an improvement over the 61.9% drop in September.

Through October 2020, rental fleet car sales fell by 27.8% totaling 25,041 units. Truck and SUV segment sales decreased 51.6% at 31,553 units. Combined, rental fleet sales totaled 56,594 for the month of October.

Meanwhile, government fleets continued overall recovery in October, despite a decline in car sales. There were 1,479 cars sold to government fleets, representing the 37.3%% decline. However, this was offset by a 14.5% increase in truck and SUV sales. Combined, truck, SUV, and car vehicle sales for government fleets amounted to 20,714 units, which reflected a 8.1% month-over-month increase.

Year-to-date, as of September 2020, overall fleet sales from nine manufacturers total 1,254,461, 43.2% less on a year-over-year basis, indicating there is still a long road to recovery for 2020.

So far car sales are down 59% year-to-date and truck and SUV segment sales are down 37% year-to-date, both of which are improvements over September and are still impacted heavily by declines of the rental market.

Year-to-date, as of October 2020, overall fleet sales from nine manufacturers total 1,387,021, 41.9% less on a year-over-year basis, but an improvement over the previous two reports.

Originally posted on Automotive Fleet

About the author
Staff Writer

Staff Writer

Editorial

Our team of enterprising editors brings years of experience covering the fleet industry. We offer a deep understanding of trends and the ever-evolving landscapes we cover in fleet, trucking, and transportation.  

View Bio
0 Comments