The mixed gross sales for the three fleet sectors in September totaled 144,456 automobiles, down 6.4% from the September 2023 complete of 154,000 fleet automobile gross sales.
Total, year-to-date fleet gross sales widened their decline final month in comparison with 2023 ranges as industrial fleet gross sales fell at a better charge, based on month-to-month Bobit fleet gross sales information launched Oct. 1.
Fleet gross sales for the primary three quarters of 2024 had been 1,651,900, down 2.7% from 1,698,052 automobiles offered throughout the identical interval of 2023. 2024 fleet gross sales started flatlining in July.
The YTD decline might be attributed to an 8.4% dip in industrial fleet gross sales thus far this yr to 636,533 automobiles from 695,242 fleet automobiles offered within the first 9 months of 2023.
Rental fleet gross sales are nonetheless up YTD at 804,089, for a rise of 1.3% in comparison with 793,561 rental automobiles offered the primary three quarters of 2023.
Based mostly on the automakers’ stories, authorities fleet gross sales stand at 211,278 automobiles offered YTD, up 1% from 209,249 gross sales in the identical interval final yr.
The fleet sector breakdown of September 2024 versus September 2023 gross sales:
- Business Fleets: 62,359 automobiles had been offered into industrial fleets in September 2024, in comparison with 70,645 in September of final yr, for a decline of 11.7%.
- Rental Automotive Fleets: 63,400 automobiles had been offered into rental fleets in September 2024, in comparison with 62,436 in September final yr, for a 1.5% enhance. Nonetheless, gross sales spiked by 20,932 automobiles in comparison with the 42,468 offered into rental fleets in August.
- Authorities Fleets: Gross sales fell 12.3% to 18,697 automobiles in September 2024 from 21,319 in September final yr. (Word: Apples-to-apples comparisons with authorities fleet gross sales should not attainable as a result of a number of OEMs don’t report gross sales month to month. In July, Hyundai, Nissan, Subaru, and Toyota didn’t report gross sales to authorities fleets.)
The mixed gross sales for the three fleet sectors in September totaled 144,456 automobiles, down 6.4% from the September 2023 complete of 154,000 fleet automobile gross sales.
“New automobile gross sales into the rental fleets in September rose by nearly 21,000 items, or nearly 50%, versus August, which can present much-needed late-model used items when these extra items come out of rental service,” mentioned Tom Kontos, chief economist and analyst at Adesa. “Alternatively, industrial fleet gross sales confirmed month-over-month and year-over-year declines, limiting the supply of those items when they’re remarketed just a few years from now. All in all, complete fleet gross sales of every kind are down modestly on a year-to-date foundation, indicating that the used automobile provide of those items will stay pretty tight sooner or later.”
Bobit, proprietor of Automotive Fleet, Car Remarketing, and Auto Rental Information, compiles fleet gross sales numbers that replicate combination figures from the three main Detroit-based auto producers and the Asian Large 6 automakers.
