CAMIO Archives

Fleet Sales Gain in July, Continue Record Pace 08/05/2019 As has been the case all year, July saw a gain in fleet sales with roughly 175,000 units entering various fleet channels. Combined rental, commercial and government purchases of new vehicles were up 8% year over year in July, but down 37% month over month. The commercial fleet channel was up 30% year over year in July. July Fleet Sales Retail sales of new vehicles were… Read Article

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Fleet Sales See Continued Strength, Increase 16% in March 04/10/2019 Like the used market, the new-vehicle market showed weakness in March. March new-vehicle sales were down 2.2% year-over-year, with one less selling day compared to March 2018. However, the March 2019 SAAR came in at 17.5 million, improving versus last year’s 17.2 million. Cars continue to see declines, as sales in March fell 7.9% compared to last year. Light trucks outperformed cars in March, finishing the… Read Article

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Used-Vehicle Sales Finish Strong in 2018; Same Expected for 2019 02/01/2019 Used light-vehicle registrations finished at 39.4 million units in 2018, up 100,000 units from 2017. Cox Automotive expects 2019 to rack up about the same number. Interest rate increases continue to add headwinds, but economic conditions remain favorable and continued economic growth will keep demand for personal transportation strong. Strong consumer demand due to affordability challenges with new vehicles and growth in the supply of off-lease vehicles from the market’s record years of 2015 and… Read Article

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2018 CPO Sales Set Record; Another Possible for 2019 02/01/2019 Certified pre-owned (CPO) sales set a record in 2018, and another stellar year is expected in 2019. CPO sales in 2018 hit 2.70 million vehicles, up 2.1% from 2017, matching Cox Automotive’s forecast. The new high represents the eighth straight year of record-breaking CPO sales. The Cox Automotive forecast for 2019 CPO sales is 2.75 million vehicles as the market looks to set another record. The… Read Article

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New-Vehicle Sales Reach 17.3 million; 2019 Less Rosy 02/01/2019 U.S. sales of new, light vehicles reached nearly 17.2 million vehicles in 2018, marking the fourth best year ever and the fourth consecutive year of 17-million plus sales. Many forecasts, including that of Cox Automotive, predicted year-over-year sales would be slightly lower in 2018 from 2017 due to higher interest rates. Indeed, higher interest rates did hamper retail sales. However, fleet sales offset the retail drop and rose more than forecasted due to a… Read Article

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Fleet Purchases Rise in 2018; Expected to Increase Marginally in 2019 02/01/2019 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 the Great Recession. Cox Automotive estimates total fleet sales will see a… Read Article

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