Market Insights – Cox Automotive Inc.

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 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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