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Data Point

Fleet Sales Gain in July, Continue Record Pace

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Article Highlights

  1. July saw a gain in fleet sales with roughly 175,000 units entering various fleet channels.
  2. Combined rental, commercial and government purchases of new vehicles were up 8% year over year in July.
  3. 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.

 

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