Sales of vehicles to commercial fleets increased 6.3%, while sales into daily rental increased 44.9%. Sales to government fleets increased 13%.
Automotive Fleet reached out to fleets with a large percentage of Ford vehicles to have them weigh in on how the change may impact them.
The average price of two- to seven-year-old vehicles depreciated less sharply than expected in February due to "a spirited start to the spring selling season" that has boosted prices for used passenger cars, according to Black Book.
Fleet operating costs remained stable in CY-2017, primarily due to the lower volatility of fuel prices. But, there is upward pressure on maintenance labor rates and higher commodity prices that will impact the cost of replacement tires.
The growing popularity of crossovers and their ambiguous classification has complicated the analyses of fuel efficiency trends and vehicle sales.
Sales of vehicles to commercial, daily rental, and government fleets declined 13.1% to 279,063 in March and remain negative for the first quarter in the three segments, according to Automotive Fleet data and the Detroit Three.
Sales of vehicles from eight manufacturers to commercial fleets declined 5.1% to 48,503 units in November but remain positive for the year, according to Automotive Fleet data.
While passenger cars have been somewhat eclipsed by SUVs in recent years, there were plenty of cars in Los Angeles for executives, fleet drivers and weekend road trippers. Read full coverage here. Photos by Chris Brown, Paul Clinton, Thi Dao, Amy Hercher-Winter, Andy Lundin, Roselynne Reyes, and Chris Wolski.
With fuel representing 60% of a fleet’s total operating costs, lower fuel prices are keeping overall fleet costs flat. Also, vehicle build quality is high, curbing maintenance costs, and lower commodity prices have stabilized tire prices.
Sales of vehicles from eight manufacturers to commercial fleets declined 10.8% to 48,024 units in October and reduced year-to-date sales to 3.4%.
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