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The first-half total of 341,983 units marks the lowest rental fleet sales in at least 20 years — easily eclipsing the nadir of 788,349 units in H1 2011 as the industry dug out of the Great Recession.
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Broken down, government fleets were up 5.9% YOY, commercial fleets down by 0.1%, and rental fleet volume down 33% from last May.
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After including dealer and manufacturer fleet sales, the total fleet share of all sales was 14%, up 2% from April 2021's fleet share.
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Sales into rental fleets for the first quarter of 2022 were the lowest since the first quarter of 2009, when the industry was in the throes of the Great Recession.
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Fleet share of total sales was 15% in March 2022, up nearly 2% from the March 2021 fleet share, but the number of vehicle sales remained down 11% year over year.
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Combined sales into large rental, commercial, and government buyers were down 30% year over year in February.
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Combined sales into large rental, commercial, and government buyers were down 36% year over year in January.
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Fleet sales year to date are also down 42% from the same time in 2019 when 2.8 million vehicles were sold.
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Looking at automakers, year-over-year changes in fleet sales differed by manufacturer, ranging from a decline of 97% to an increase of 28%.
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But volume for rental, commercial, and government vehicle purchases is still well below levels seen in the pre-pandemic year of 2019.
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