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.
“Although retail sales were weak, fleet sales in the U.S. for August were strong and reached levels for the month not seen since 2019,” said Cox Automotive Senior Economist Charlie Chesbrough.
*Cox analysis performed utilizing Bobit data
