A fleet vehicle was originally purchased as part of a bulk acquisition by a corporation, government agency, rental company, or utility provider. Fleet vehicles enter the used market after reaching a predetermined age or mileage threshold and are a consistent source of wholesale inventory.
Fleet units are generally well-maintained on defined service schedules and predictable in condition. They are a reliable sourcing channel for dealers looking for consistent volume. Rental return units tend to be newer and lower-mileage relative to their price point.