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Friday, 18 September 2020 17:20

Commercial Fleet Sales Fall 16.8% in August

Total fleet sales for the month---comprised of commercial, rental and government sales---came in at 101,159, which represented a 51% drop from the same time last year. Total fleet sales for the month---comprised of commercial, rental and government sales---came in at 101,159, which represented a 51% drop from the same time last year. Niek Verlaan from Pixabay 

Index

Commercial fleet sales from nine manufacturers totaled 57,571 in August, representing a 16.8% overall decrease compared to the same time last year, following a 6.3% drop from the previous month.

Total fleet sales for the month---which is comprised of commercial, rental and government sales---came in at 101,159, which represented a 51% drop from the same time last year.

 

The declines seen in the rental market continue to contribute to these significant drops, as have a 19.6% drop in commercial truck and SUV sales and a 17.5% decline in government car sales.

 

However, commercial car sales are up 18.7% in August, though sedans represent the smallest segment volume for commercial fleets. This growth reflected the second month of consecutive growth for this segment since COVID-19 was declared a pandemic.

 

The rental fleet segment has continued to maintain its low numbers, and saw an overall 83% decline in August, close to the 84.5% drop in July.

 

Through August, rental fleet car sales fell by a drastic 88.9%, totaling 4,673 units. Truck and SUV segment sales decreased 79.8% at 15,074 units. Combined, rental fleet sales totaled 19,747 for the month of August.


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