Fleet Purchases Rise in 2018; Expected to Increase Marginally in 2019
Fleet purchases unexpectedly drove total new-vehicle sales higher in 2018, thanks to last year’s tax reform package that made it beneficial to businesses to replace or add vehicles to their fleets. Total fleet sales finished 2018 at more than 3.1 million units, up 4.1% from 2017, a year in which fleet sales fell from the year earlier for the first time since … Continued