Government sector fleet sales rose by 31% in October, while the other two sectors were down YOY.
Graphic: Bobit
Sales into large commercial, rental, and government fleets among nine major auto manufacturers fell 10% in October compared to October 2022, according to Bobit fleet sales data released Nov. 2.
Monthly totals among the three fleet sectors declined from 148,721 vehicle sales in October 2022 to 133,206 vehicles sold last month.
Year-to-date sales, however, still show a one-third overall increase to 1,831,258 fleet vehicles sold through October 2023 compared to 1,371,858 in the same period last year.
Monthly YOY Sales By Fleet Sector
- Monthly total commercial fleet sales were down by 21%, from 81,083 vehicles in October 2022 to 64,045 this October.
- In rental fleets, monthly sales were down 7.1%, with 47,482 vehicles last month versus 51,098 in October 2022.
- Government sector fleet sales rose by 31% in October to 21,679 vehicles from 16,540 in October 2022.
Calendar YTD Sales By Fleet Sector
- Looking at calendar year 2023 through October, commercial fleet sales are up 9% to 759,287 vehicles, compared to 696,470 in the same period last year.
- Rental fleets show the strongest year-to-date YOY growth at 64%, reaching 841,043 vehicles so far this year compared to 513,169 through October 2022.
- The government fleet sales showed similar strength, growing 42.4% from 162,219 in the first 10 months of 2022 to 230,928 for the same period this year.
Originally posted on Automotive Fleet