News Coverage
Fleet Sales Soar To Historic Levels And That’s A Good Thing
Wednesday June 26, 2019
Article Highlights
- Fleet sales have always been the low-profit bottom feeders for automakers looking to keep assembly plants running and padding monthly sales reports.
- But an analysis presented by Cox Automotive on Wednesday indicates the carp of the car industry has suddenly become attractive game that is not only growing to historic levels, but pulling in higher profits.
- “If our forecast is correct for fleet...it would be highest sales of fleet sales in the history of the automotive market,” said Jonathan Smoke, Chief Economist at Cox [Automotive].
Forbes, June 26, 2019 — Fleet sales have always been the low-profit bottom feeders for automakers looking to keep assembly plants running and padding monthly sales reports. But an analysis presented by Cox Automotive on Wednesday indicates the carp of the car industry has suddenly become attractive game that is not only growing to historic levels, but pulling in higher profits.
“If our forecast is correct for fleet…it would be highest sales of fleet sales in the history of the automotive market,” said Jonathan Smoke, Chief Economist at Cox [Automotive].