Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.
Recovering Fleet Sales Outpace Retail Sector
U.S. fleet sales for August were strong and reached levels for the month not seen since 2019.