Data Point
Fleet Sales Gain in July, Continue Record Pace
Monday August 5, 2019
Article Highlights
- 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.
- Fleet sales are up 6% in 2019 through July.
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 up 1.4% in July, leading to a retail SAAR of 14.7 million, down from 14.9 million last July but the strongest retail SAAR since December.
Fleet sales are up 6% in 2019 through July, and retail sales are down 3% as the overall new-vehicle market is down 2% this year.
For more information, see an analysis of first half 2019 fleet sales.