2024 Fleet Gross sales Flatlined in July – Automobile Analysis

Mixed industrial, rental, and authorities fleet gross sales have collectively glided down for many of this 12 months, leading to a statistical 0% year-over-year tie as of July 31.

Fleet gross sales for the primary seven months of 2024 hit 1,372,187, barely up from the 1,371,577 autos bought throughout the identical interval of 2023. The miniscule rise of 610 autos registers as a 0% acquire. 

The month-to-month fleet sector breakdown of July 2024 versus July 2023 gross sales is:

• Business Fleets: 68,410 autos have been bought into industrial fleets in July 2024, in comparison with 71,414 in July of final 12 months, for a decline of 4.2%.
• Rental Automobile Fleets: 54,439 autos have been bought into rental fleets in July 2024, in comparison with 78,368 in July of final 12 months, for a drop of 30.5%.
• Authorities Fleets: Fleet car gross sales rose to 24,694 in July 2024 from 21,682 in the identical month final 12 months, rising 13.9%. (Be aware: Apples-to-apples comparisons with authorities fleet gross sales usually are not potential on account of a number of OEMs not reporting any gross sales from month to month. In July Hyundai, Nissan, Subaru, and Toyota didn’t report any gross sales to authorities fleets).

The mixed gross sales for the three fleet sectors in July totaled 147,543 autos, down 14% from the July 2023 whole of 171,464 fleet car gross sales.

As OEMs have ramped up post-pandemic car manufacturing, extra car patrons are coming off the sidelines and are changing fleet autos they held longer than regular in recent times.

Bobit, proprietor of Automotive Fleet, Automobile Remarketing, and Auto Rental Information, compiles fleet gross sales numbers that mirror mixture figures from the three main Detroit-based auto producers and the Asian Huge 6 automakers.