Fleet Deliveries Slow
Led by a drop in commercial fleet deliveries, decline was more widespread than Detroit.
General Motors experienced the steepest fleet deliveries drop, while Nissan had the biggest gain.
IMAGE: Pixabay/viarami
Fleet sales fell in November, according to Cox Automotive analysis of Bobit data.
Sales into large commercial, government and rental fleets fell 9% year-over-year to about 147,000, Cox said.
The decline came mostly in sales to commercial fleets, which fell by 22%, whereas government fleet sales actually rose 8% and rental fleet sales increased 1.2%.
The overall decline appeared to be spread among automakers and not concentrated with the big three Detroit manufacturers whose production was impacted by the autumn union strikes, as some Japanese automakers also saw smaller declines, Cox said.
Still, General Motors experienced the steepest fleet deliveries drop, while Nissan had the biggest gain.
When adding fleet sales to dealer and manufacturer supplies, Cox said retail sales rose an estimated 10% for an estimated seasonally adjusted annual rate of 13 million, up 9% year-over-year, though down from 13.4 million in October.
Cox said fleet market share fell year-over-year from 17% to about 15%.
Originally posted on Auto Dealer Today
More Industry
Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
Read More →
War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
Read More →
Bridge the Maintenance Gap
With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.
Read More →
California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
Read More →
BMW Plant Pursues Cleaner Energy
BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.
Read More →
Auto Affordability Inches Up
The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →
Ohio Auto Group Under New Ownership
After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.
Read More →
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →