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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September numbers point to either declines or tepid growth across the commercial, rental, and government fleet sectors.
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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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Increases in rental and government fleet sales offset another decline in commercial fleet sales.
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Commercial fleet sales were down more than 14% last month, tying its January decline and continuing a string of monthly losses.
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Year-to-date sales in commercial, rental, and government fleet sectors are scraping 600,000 vehicles sold.
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