By Dave Bean, FMW Associate Editor
September 13, 2023
As summer was winding down this year, fleet sales were winding upward, at least according to analysts at Cox Automotive*. August year-over-year sales improved in major fleet segments – some quite remarkably.
Sales Increases in August 2023, compared to August 2022
- Rental Fleets – 102%
- Government Fleets – 39%
- Large Fleets – 34%
- Commercial – 1%
Of the Big Three U.S. automakers, General Motors experienced the biggest uptick in fleet sales, trailed by Stellantis. Ford actually experienced a decrease in fleet sales. Overall, the revival of fleet sales continued to outpace the retail sales recovery when examining year-over-year figures. Each category, however, did experience a slight decline compared to July’s numbers.
*Cox analysis performed utilizing Bobit data