Fleet Sales Start Year Slightly Up
Rental fleet sales gain by a fifth compared to last year while commercial fleet sales dip by double digits.
Rental fleet sales gain by a fifth compared to last year while commercial fleet sales dip by double digits.
Four years after COVID emerged, vehicle prices are easing down amid some supply kinks, electric vehicle uncertainty, rising operational costs, and AI potential.
The carrier market is ready for a transformative year in 2024 based on the industry's resilience, shifting dynamics, and early indicators of improvement.
The industry's first EV-specific valuation algorithm includes proprietary analytics from 100 million real-world EV battery data points.
Work Truck Solutions' annual review of 2023 data shows that while commercial vehicle inventory levels outpaced growth in 2023, work trucks and vans carried higher price tags - signaling that demand is still strong.
Tesla price cuts that shook up the market and challenged the profitability picture for all automakers.
In another high profile indicator of consumer EV skepticism, the auto rental giant will sell off the EVs to avoid further financial losses.
While sales reached all-time highs, the oft-reported slowdown in the pace of growth is real as electric vehicles still remain too expensive for many average car buyers.
Cox Automotive welcomes a return to normalcy after four years of everything but normal, with nothing in the data suggesting vehicle market surges in any direction.
The end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.
The total U.S. supply of available unsold new vehicles in November climbed 57%, or 925,000 units, from the same time a year ago.
Sales incentives were up 136% year over year in November, indicating the new-vehicle market is shifting to a buyer’s market, not a seller’s market.
Bobit releases the latest aggregate numbers for specific fleet sectors as total sales look to close out 2023 well ahead of last year.
Market Snapshot: Who are EV buyers, what EV models are they purchasing, and where’s all the selling action?
The recent Fleet Forward Conference presented updates to the fleet, used vehicle, and electric vehicle supply and demand.
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