Sales of vehicles from nine manufacturers to commercial fleets fell 9.9% to 54,384 in November after enjoying several robust months of sales but remain the strongest fleet segment with an 8.7% increase year to date. Sales to rental and government fleets fell in November as well.
Manheim's president who oversees the inventory solutions unit offers thoughts on fleet mobility services, bringing artificial intelligence to inspections, and the company's diversification strategy.
Toyota Motor North America has named Don Fordiani group manager for fleet sales to replace Dave Depew, who retired earlier this year.
General Motors will continue building its Chevrolet Impala midsize sedan and Cadillac CT6 luxury sedan at the Detroit/Hamtramck Assembly plant until January.
Sales of vehicles to commercial fleets from eight manufactures increased 8.8% to 743,210 in 2018, even with a weaker December, on the strength of sales of trucks, SUVs, and vans that accounted for nearly nine units out of every 10 sold.
In November, sales of vehicles to commercial fleets increased 18.2% to 60,967, while sales into daily rental increased 6.4% to 122,433. Sales to government agencies increased 4.6% to 20,386.
Commercial sales increased 10.3% in October, while sales to government agencies increased 1%. Sales into daily rental increased 0.2%.
Several North Carolina used vehicle auctions closed as a result of Hurricane Florence sweeping into the state, while others shifted to online sales or delayed on-site sales.
Sales of vehicles to commercial fleets increased 6.3%, while sales into daily rental increased 44.9%. Sales to government fleets increased 13%.
Geotab's leaders have positioned the company to welcome technology mega-trends that will reshape the landscape for commercial telematics in the coming years such as connected vehicles, electrification, smart cities, and data-driven analysis, co-founder Colin Sutherland told attendees of Geotab Connect earlier this month.
Vehicle manufacturers are adding a slew of new utility vehicles to their lineups for the 2018 model year, and ceasing production of some of their cars as fleet and retail buyers shift their tastes toward SUVs of all stripes.
Manheim has closed its Puerto Rico facility and will close four of its Florida auctions on Friday ahead of Hurricane Irma's expected landfall in Florida over the weekend, according to the company.
Sales of vehicles to commercial, daily rental, and government fleets declined 13.1% to 279,063 in March and remain negative for the first quarter in the three segments, according to Automotive Fleet data and the Detroit Three.
Toyota has formed a partnership with carsharing provider Getaround that could eventually find a place in commercial or government fleets that manage a portion of their vehicles as an in-house rental fleet.
A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
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