Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 37.2% year over year in May to 228,342 units, according to an early estimate from Cox Automotive.
“May fleet sales had another strong month of gains over last year with rental, government and commercial all rising,” said Cox Automotive Senior economist Charlie Chesbrough. “However, it is rental fleet showing the largest volume increases, suggesting that the supply chain limitations of 2021 and 2022 are now in the rearview mirror.”