Thursday 7 September 2017

Fleet sales have also dipped New sales to the fleet sector were down 3.2% y/y in August after a drop of 10.1% in July.

https://www.economicvoice.com/6-percent-year-on-year-drop-in-new-uk-car-sales/ 

Fleet sales have also dipped New sales to the fleet sector were down 3.2% y/y in August after a drop of 10.1% in July.

This may be of particular concern to the car sector as the fleet sector had held up pretty well through the first half of 2017.

This could well be due to businesses becoming more reluctant to replace or add to their fleets amid heightened economic and political uncertainties. Fleet sales were flat y/y over the first eight months of 2017. Reinforcing the weakened picture, new car sales to the business sector fell 14.1% y/y although this sector is now small with sales at just 971 in August.

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