A 95% increase in sales on ‘fleet’ street is expected in FY23
According to industry estimates, fleet operators purchased 137,000 cars in the most recent fiscal year, an increase of 95% from FY22.
Although this fiscal year’s fleet sales are predicted to increase by more than 40%, they will still fall short of the peak of 225,000 units delivered to fleet operators in FY19.
Due to the COVID-19 epidemic in early 2020, vehicle traffic was at an absolute minimum
Fleet sales increased by 30% year over year in FY22 thanks to the reopening of schools, universities, and workplaces, and by 95% the following fiscal year.