After including dealer and manufacturer fleet sales, the total fleet share of all sales was 14%, up 2% from April 2021's fleet share.
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.
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.
Combined sales into large rental, commercial, and government buyers were down 30% year over year in February.
Combined sales into large rental, commercial, and government buyers were down 36% year over year in January.
Fleet sales year to date are also down 42% from the same time in 2019 when 2.8 million vehicles were sold.
Looking at automakers, year-over-year changes in fleet sales differed by manufacturer, ranging from a decline of 97% to an increase of 28%.
But volume for rental, commercial, and government vehicle purchases is still well below levels seen in the pre-pandemic year of 2019.
August figures show sales into rental increased 118% year over year in August and are up 7% compared to the same time period last year.
Large rental, commercial, and government purchases of new vehicles increased 6% compared to this time in 2020, but decreased by 40% from the same time in 2019.
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