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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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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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The latest collective figures from the Detroit Big 3 and the Asian Big 6 show a dip in October but sales are still up by a third for the first 10 months of 2023.
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U.S. fleet sales for August were strong and reached levels for the month not seen since 2019.
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All large manufacturers showed gains in fleet over last year, with combined sales into large rental, commercial, and government fleets improving.
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With production levels returning to normal and retail demand only modestly improved, sales to fleet channels have increased dramatically.
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