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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Sales trends may have been affected by business disruptions early in October caused by hurricanes Helene and Milton coming back-to-back.
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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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2024 ARA Summer Roundtable: Remarketing industry economists probed automotive sales trends in a recovering but variable marketplace.
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September numbers point to either declines or tepid growth across the commercial, rental, and government fleet sectors.
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Sales conversion continued to rise and held at much higher levels than prior years for the month as more buyers came to markets to replenish supply for used retail inventory.
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Figures show a continued slowdown in total commercial, rental, and government vehicle sales as year-to-date sales dip below last year.
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Sales of rental car fleets plummeted last month, sending the year-to-date total to a break-even point.
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