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2 min read
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…
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Fleet
fleet sales
Market Insights
Data Point
2 min read
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…
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Fleet
fleet sales
Market Insights
Data Point
3 min read
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…
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Press Releases
Fleet
EV
Press Releases
2 min read
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…
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Fleet
fleet sales
Market Insights
Data Point
2 min read
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…
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Fleet
fleet sales
Market Insights
Data Point
2 min read
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…
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Fleet
fleet sales
Market Insights
Data Point
2 min read
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…
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Fleet
fleet sales
Market Insights
Data Point
2 min read
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…
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Fleet
fleet sales
Market Insights
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2 min read
March Fleet Sales Increase Again, Rental Up 46.0% Year Over year
04/06/2023
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 27.7% year over year in March to 225,200 units, according to an early estimate from Cox Automotive. Combined sales into large rental, commercial, and government fleets have seen eight consecutive months of double-digit, year-over-year increases. Sales into rental fleets were up 46.0% year over year, sales into commercial fleets were up 6.9%, and…
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Fleet
fleet sales
Market Insights
Data Point
2 min read
February Fleet Sales Surge
03/06/2023
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 48% year over year in February to 183,954 units, according to an early estimate from Cox Automotive. New-vehicle inventory is vastly better than year-ago levels, enabling automakers to be more aggressive with fleet sales. Combined sales into large rental, commercial, and government fleets have seen eight consecutive months of double-digit, year-over-year increases. Sales…
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Fleet
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