Fleet Sales Increase in August, YOY
Commercial and government fleets sales rose at a healthy clip, but rental declined in August YOY.
Graphic: Cox Automotive
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 0.8% month over month in August to 128,464 units, according to an early estimate from Cox Automotive released Sept. 7.
Combined sales into large rental, commercial, and government fleets were up 14.6% year over year in August. Sales into rental were down 18% year over year, while sales into commercial fleets were up nearly 37% and sales into government fleets were up 28%.
Total August new-vehicle sales were near 1.14 million units, up 3.6% from last year with one more selling day than August 2021, with an estimated retail seasonally adjusted annual rate (SAAR) of 11.5 million, down 0.2 million from last month’s pace, or 1.3%, and up 1% from last August’s 13.1 million pace.
Among larger manufacturers, GM and Ford had the largest year-on-year increases while Stellantis had the largest decline.
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