Rental fleets rode to the rescue for month-to-month fleet gross sales, racking up a forty five.7% YOY acquire in February, resulting in a 21.4% YOY general acquire.
Graphic: Bobit
Rental automotive fleets spurred the general fleet gross sales advance in February and maintained the upward pattern to this point this 12 months, in line with Bobit/Automotive Fleet gross sales knowledge launched March 4.
Total, fleet gross sales are persevering with to bounce again from the disruptions of current years.
Bobit fleet gross sales numbers mirror combination gross sales from the three main Detroit-based auto producers and the Asian Massive 6. Numbers for February 2024 damaged down by sector present:
- Industrial Fleets: 67,565 autos bought in Feb. 2024 versus 70,444 in Feb. 2023, for a 12 months over 12 months (YOY) decline of 4.1%.
- Rental Fleets: 133,961 autos bought final month, versus 91,974 autos bought in Feb. 2023, up 45.7% YOY.
- Authorities Fleets: 21,737 autos bought final month, in comparison with 21,536 autos bought in February 2023, up 1% YOY. Nevertheless, Hyundai, Nissan, Subaru, and Toyota to this point haven’t reported gross sales into authorities fleets for February, so the acquire is probably going increased.
Total, month-to-month gross sales totaled 223,263 in February 2024, in comparison with 183,954 the identical month final 12 months, for an general YOY acquire of 21.4%.
For fleet gross sales year-to-date (YTD), the three main fleet sectors have acquired a complete of 382,422 new autos, in comparison with 338,333 autos in the course of the first two months of 2023, for a acquire of 13%.
That determine is probably going increased provided that in January Subaru didn’t report gross sales into rental fleets, whereas it and three different manufacturers — Hyundai, Nissan, and Toyota — didn’t report the variety of gross sales into authorities fleets.
