Industrial fleets have been the one sector the place gross sales grew YOY.
Supply: Cox Automotive
Gross sales into giant fleets, not together with gross sales into seller and producer fleets, decreased 12% month over month in April to 154,654 models, based on an early estimate from Cox Automotive launched Could 6.
Mixed gross sales into giant rental, industrial, and authorities consumers elevated 4% from April 2021. Gross sales into industrial fleets in April noticed one other spectacular acquire of 15% 12 months over 12 months. In the meantime, gross sales into authorities fleets have been down 4%, and rental fleet quantity stays low, down 3% from final 12 months.
Complete April new-vehicle gross sales have been down 19% 12 months over 12 months with yet one more promoting day than April 2021, and retail gross sales have been down barely extra at 21%, resulting in an estimated retail seasonally adjusted annual fee (SAAR) of 12.6 million. The April gross sales fee was down 21% from 16 million final April however up 9% from final month’s 11.6 million fee. After together with seller and producer fleet gross sales, the full fleet share of all gross sales was 14%, up 2% from final April’s fleet share.
Amongst producers, Stellantis noticed probably the most vital improve in fleet gross sales of almost 70% over final 12 months, whereas Nissan was down 38%.
Initially posted on Car Remarketing
