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Car rental companies extended a sales spike from July, while commercial fleets continue modest growth.
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Once again, higher rental fleet sales come to the rescue making year-to-date sales level a dead break even.
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Rental fleet sales stand out with continued increases year-over-year and year-to-date but no longer prop up the fleet segment.
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Rental fleets continue upward while commercial and government fleets decline again.
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In the first month after the U.S. levied steep tariffs on the automotive sector, the rental car sector got all the gains.
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Rental, commercial, and government fleet sales fell against February 2024 numbers but are up after a slow start to the new year.
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Commercial and government fleets sales start the year with losses while rental fleet purchases show a healthy rise.
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Rental fleet vehicles gained the most and totaled almost half of all fleet sales last year.
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Rental fleet sales showed the most positive trends last month compared to vehicles sales into commercial and government fleets.
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Combined sales of the three primary fleet sectors were up 16.5% last month compared to October 2023.
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