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In the first month after the U.S. levied steep tariffs on the automotive sector, the rental car sector got all the gains.
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Rental, commercial, and government fleet sales fell against February 2024 numbers but are up after a slow start to the new year.
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Commercial and government fleets sales start the year with losses while rental fleet purchases show a healthy rise.
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Rental fleet vehicles gained the most and totaled almost half of all fleet sales last year.
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Rental fleet sales showed the most positive trends last month compared to vehicles sales into commercial and government fleets.
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Combined sales of the three primary fleet sectors were up 16.5% last month compared to October 2023.
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September numbers point to either declines or tepid growth across the commercial, rental, and government fleet sectors.
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Rental fleet sales plunged 40% year over year last month, but are still up so far in 2024.
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Sales of rental car fleets plummeted last month, sending the year-to-date total to a break-even point.
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Rental fleets are propping up the overall upward trend in fleet vehicles sold so far this year.
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