Year-over-year growth in fleet sales continue to track lower – February was 278,561, up slightly from 271,130 in February 2019 – even as combined rental, commercial and government purchases of new vehicles were up 2.7% in February.
FCA in February was the top performer with fleet sales increasing 46% year over year from a low base and overtaking General Motors, which led fleet sales last month. Nissan saw the largest fleet sales drop again this month at -44%, according to our analysis of the data, compared to February 2019.
Toyota and Ford had lower sales in February, decreasing slightly below 1%. February continues Q1, as expected by our team, with lower fleet sales than the prior year.
Read the article at Cox Automotive.