Automakers “continued to prioritize retail deliveries over fleet deliveries. After accounting for only 12.5% of light-vehicle sales in 2021, fleet sales are expected to be just 11% of sales in January. Inventory levels at the end of January 2022 are expected to show a slight increase compared with December 2021, but January sales were still held back by limited inventory. Severe winter storms at the end of January and the Omicron variant of COVID-19 also likely limited sales somewhat,” said Patrick Manzi, NADA Chief Economist.