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Electric vehicle sales of all ages hit the highest tally ever recorded for any month-to-date, while sales of used rental cars spiked the under two years segment.
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The Manheim index is at its highest point since October 2023, after the market saw stronger-than-usual gains in non-seasonally adjusted values.
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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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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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