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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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Yearly sales figures for rental in 2024 will be at least 40% lower than those for 2019.
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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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Commercial fleet sales were down more than 14% last month, tying its January decline and continuing a string of monthly losses.
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Year-to-date sales in commercial, rental, and government fleet sectors are scraping 600,000 vehicles sold.
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The latest numbers more activity in the lanes at Manheim in the second half of the month and finished the last week of February with some of the strongest weekly gains in wholesale prices for many years.
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Rental fleet sales gain by a fifth compared to last year while commercial fleet sales dip by double digits.
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The end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.
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Bobit releases the latest aggregate numbers for specific fleet sectors as total sales look to close out 2023 well ahead of last year.
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