Market Insights – Cox Automotive Inc.

Strong December Fleet Sales Reflect Huge Gain in Rental Sector 01/05/2024 In December, sales into large rental and government fleets increased compared to the previous year, with rental having a particularly strong month. Commercial sales decreased year over year but were up month over month. An analysis of Bobit’s data by Cox Automotive revealed that there was a 21.7% increase in sales to large fleets (excluding dealer and manufacturer fleets) in December, with 230,484 units sold. Sales… Read Article

Fleet fleet sales Market Insights Data Point

Fleet Sales Fall Again in November 12/06/2023 In November, sales into large rental, commercial, and government fleets decreased compared to the previous year. An analysis of Bobit’s data by Cox Automotive revealed that there was an 8.9% drop in sales to large fleets (excluding dealer and manufacturer fleets) in November, with 146,685 units sold. In addition, sales to government fleets increased by 8.0%, and rental fleets experienced a 1.2% increase. However, commercial fleets… Read Article

Fleet fleet sales Market Insights Data Point

Fleet Sales Drop in October for First Time This Year 11/07/2023 In October, sales into large rental, commercial, and government fleets declined compared to the previous year. An analysis of Bobit’s data by Cox Automotive revealed that there was a 10.4% drop in sales to large fleets (excluding dealer and manufacturer fleets) in October, with 162,590 units sold. In addition, sales to commercial fleets decreased by 21.0%, while rental fleets experienced a 7.1% drop. However, sales to… Read Article

Fleet fleet sales Market Insights Data Point

September Gains Contribute to Large Year-to-Date Increases in Rental and Government Fleet Sales 10/10/2023 In September, sales into large rental, commercial, and government fleets increased compared to the previous year. According to a Cox Automotive analysis of Bobit data, there was a 26.0% rise in sales to large fleets (excluding dealer and manufacturer fleets) in September, with 154,400 units sold. Sales to rental fleets saw a 52.8% increase, while sales to government fleets rose by 37.7%, and sales to commercial… Read Article

Fleet fleet sales Market Insights Data Point

BYD Motors, Cox Automotive Announce Groundbreaking Service Partnership in U.S. Market 09/28/2023 ATLANTA (Sept. 27, 2023) – BYD Motors and Cox Automotive announced today the two companies have entered into a service agreement that covers BYD customers and their growing fleets of class 6 and class 8 trucks within the United States with 24/7 roadside support and a nationwide network of EV-trained service technicians. “This agreement with a nationally respected fleet services leader in Cox Automotive bolsters the… Read Article

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Robust August Fleet Sales Reflect Month-Over-Month Gains in Commercial and Government Sectors 09/06/2023 In August, sales into large rental, commercial, and government fleets increased compared to the previous year. According to a Cox Automotive analysis of Bobit data, there was a 33.9% rise in sales to large fleets (excluding dealer and manufacturer fleets), with 172,075 units sold. Sales to rental fleets saw a 101.6% increase, while sales to government fleets rose by 39.0%, and sales to commercial fleets were… Read Article

Fleet fleet sales Market Insights Data Point

July Fleet Sales Rebound, Approaching Pre-Pandemic Level 08/04/2023 Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 34.5% year over year in July to 171,464 units, according to an early estimate from Cox Automotive sources. July fleet volume rebounded to less than 2% below the pre-pandemic level seen in July 2019, a record year for fleet sales. “U.S. new-vehicle sales were boosted again in July by strong fleet sales, particularly… Read Article

Fleet fleet sales Market Insights Data Point

Fleet Sales Fuel First Half Auto Sales 07/07/2023 Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 44.6% year over year in June to 217,572 units, according to an early estimate from Cox Automotive. “The return of fleet was a key driver of the first half new auto sales increase,” said Cox Automotive Senior Economist Charlie Chesbrough. “With production levels returning to normal and retail demand only modestly improved, sales to… Read Article

Fleet fleet sales Market Insights Data Point

Fleet Sales Continue Hot Streak in May 06/06/2023 Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 37.2% year over year in May to 228,342 units, according to an early estimate from Cox Automotive. “May fleet sales had another strong month of gains over last year with rental, government and commercial all rising,” said Cox Automotive Senior economist Charlie Chesbrough. “However, it is rental fleet showing the largest volume increases, suggesting… Read Article

Fleet fleet sales Market Insights Data Point

April Fleet Sales Stay Hot on Strength of Rental Market 05/05/2023 Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 38.6% year over year in April to 214,362 units, according to an early estimate from Cox Automotive. Combined sales into large rental, commercial, and government fleets have seen nine consecutive months of double-digit, year-over-year increases. Sales into rental fleets were up 64.4% year over year, sales into government fleets were up 54.3% and… Read Article

Fleet fleet sales Market Insights Data Point