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Rental fleet sales up 74% YoY

Fleet companies are looking to replace aged units

Amanda Harris

Rental fleet sales propped up overall vehicle sales in May, jumping 74% year over year, driven by replacement of older vehicles as inventory improved. “As OEMs have begun to get more chips, they can sell more vehicles,” Chris Frey, senior manager of economic and industry insights at Cox Automotive, told Auto Finance News. “OEMs know […]

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