Fleet sales - those to rental companies - have been for a long time the dirty little secret of the automobile industry. They are often times where automakers can bolster numbers that would otherwise looks dismal based only on organic, showroom sales. And according to Bloomberg, this is exactly what has been happening over the last couple of months.
Rental car deliveries and other non-retail buyers have accounted for more than 33% of total sales last month for Ford and Nissan, according to data from Cox automotive. In fact, deliveries to rental companies alone in March and in the first quarter were the highest that they’ve been in two years.
There is, of course, a catch: rental car sales have lower profit margins and generally erode used vehicle prices once they hit the resale market. It seems as though automakers are now, more than in the past few years, leaning on fleet deliveries to make up for demand in the showroom as economic growth in the US and worldwide, is collapsing.
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6 comments:
Pretty much every used car at CarMax is a fleet vehicle. Look at the vehicle history of any car. I bought an Expedition from one and it was a great vehicle.
Your killing the environment with your SUV. Sad. Vote democrat
This is something new? I don’t think so.
4:50 I take it you support AOC.
Soot Life lol
So you walk everywhere 4:50
China is emitting more carbon emissions than we ever have and is still increasing amounts with approval from obama. Stop being a tree hugging snowflake and get out of your mama's basement
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