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UK True Fleets hit again by double-digit shrinkage

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For the second month this year, the UK True Fleet market underwent double-digit negative growth. Past July, True Fleet sales were down 13.1% compared to the same month in 2016. Special Channels lost 7.1%, the Private market dropped 6.9%. As a result, the Total market finished 9.3% down over July 2016, figures released by Dataforce show. 

It remains to be seen whether this is the beginning of a prolonged slump, and even then, those figures need to be put in the context of last year's record results, the analysts point out.

Only two manufacturers in the Top 10 managed significant growth. Ford and Opel, returned to the #1 and #2 spot respectively, despite the fact that neither could post positive growth. 

VW and Mercedes retained places #3 and #4, while Audi and BMW both gained a spot to end at #5 and #6. Nissan slid down several places to #7, Kia moved up one spot to #8. 

Thanks in large part to the C-HR's (pictured) acceptance in the fleet market, Toyota (#9) grew by 42.7%, while Skoda (#10) added 25.6%, thanks to good performances by the Kodiaq, Superb and Octavia.

Looking at fuel type in UK True fleets, the electric and hybrid segments are experiencing significant growth: respectively +53.8% and +28.2% year-to-date, which together represents 16,000 extra units. 

With petrol also up 4.3%, it is clear that diesel is the big loser: down 11.1% on the Total market, minus 14.8% in the True Fleet market. The question Dataforce pointedly poses, is: “When is this likely to start hitting residual values?”

Image: public domain

Thursday, August 10, 2017 - 16:45Frank JacobsCar ManufacturersUnited Kingdom
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