The end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.
Bobit releases the latest aggregate numbers for specific fleet sectors as total sales look to close out 2023 well ahead of last year.
Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.
NAFA teamed up with the Ceres Corporate Electric Vehicle Alliance to call on states to include commercial and public fleets in EV charging infrastructure plans.
Combined sales into large rental, commercial, and government fleets have seen eight consecutive months of double-digit, year-over-year increases.
Sales into rental fleets were up 96% year over year, sales into commercial fleets were up 31%, and sales into government fleets were up 65%.
Catalytic converters contain amounts of highly expensive metals, making the units extremely attractive to criminals seeking easy, quick cash. The number of such thefts is soaring, and the thieves are becoming more dangerous
Some manufacturers may be shifting more of their sales to fleet as they see retail sales soften due to consumer economic concerns.
If retail consumers avoid buying new vehicles because of high inflation and interest rates, then OEMs may route more of them into fleet and lease channels.
The cross-sector forecasting technology is also designed to to optimize fleet management, improve working conditions for supply-chain workers, and reduce carbon emissions
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