October Fleet Sales Decline as YTD Momentum Steadies
Government sector fleet sales rose by 31% in October, while the other two sectors were down YOY.
Graphic: Bobit
Sales into large commercial, rental, and government fleets among nine major auto manufacturers fell 10% in October compared to October 2022, according to Bobit fleet sales data released Nov. 2.
Overview: Top 15 Fleet Trends
Monthly totals among the three fleet sectors declined from 148,721 vehicle sales in October 2022 to 133,206 vehicles sold last month.
Year-to-date sales, however, still show a one-third overall increase to 1,831,258 fleet vehicles sold through October 2023 compared to 1,371,858 in the same period last year.
Monthly YOY Sales By Fleet Sector
- Monthly total commercial fleet sales were down by 21%, from 81,083 vehicles in October 2022 to 64,045 this October.
- In rental fleets, monthly sales were down 7.1%, with 47,482 vehicles last month versus 51,098 in October 2022.
- Government sector fleet sales rose by 31% in October to 21,679 vehicles from 16,540 in October 2022.
Calendar YTD Sales By Fleet Sector
- Looking at calendar year 2023 through October, commercial fleet sales are up 9% to 759,287 vehicles, compared to 696,470 in the same period last year.
- Rental fleets show the strongest year-to-date YOY growth at 64%, reaching 841,043 vehicles so far this year compared to 513,169 through October 2022.
- The government fleet sales showed similar strength, growing 42.4% from 162,219 in the first 10 months of 2022 to 230,928 for the same period this year.
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