icon-branding Events Icon Created with Sketch. Inventory Icon Created with Sketch. icon-mail-hovericon-mail Marketing Icon Created with Sketch. icon-operationsicon-phone-hovericon-phone Product Training Icon Created with Sketch. Sales Icon Created with Sketch. Service Icon Created with Sketch. icon-social-fb-hovericon-social-fbicon-social-google-hovericon-social-googleicon-social-linkedin-hovericon-social-linkedinicon-social-rss-hovericon-social-rss icon-social-twitter Created with Sketch. icon-social-twitter-hovericon-social-twittericon-social-youtube-hovericon-social-youtube

Estimated Monthly Used-Vehicle SAAR and Volume

Total used-vehicle sales in December are estimated to be near 2.4 million units, down 4.2% from December 2021. The seasonally adjusted annual rate, or SAAR, is estimated to have finished near 33.7 million, down from last December’s 36.2 million level and below November’s revised 34.4 million pace. Used retail sales were also estimated to be … Continued

December CPO Sales Rise, 2022 Totals Hit Forecast

Certified pre-owned (CPO) sales in December rose 13.6%, nearly 27,000 units, from November to finish at 225,241. This total is up 20.6%, or nearly 40,000 units from December 2021. CPO sales finished 2022 at nearly 2.47 million units, a decline of nearly 280,000 units, or 10.2% from 2021 CPO sales. December CPO Sales Leveraging a same-store … Continued

Fleet Sales Rise in December, Trend Expected to Continue in 2023

Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 3.0% month over month in December to 165,809 units, according to an early estimate from Cox Automotive. Combined sales into large rental, commercial, and government fleets were up 47% year over year in December, the sixth consecutive month of double-digit, year-over-year increases. … Continued

November CPO Sales Up Year Over Year, Remain on Pace to Hit Year-End Target

Certified pre-owned (CPO) sales in November fell 4.4%, just over 9,000 units, from October to finish at 198,313. However, this total is up more than 17,000 units from November 2021. Year to date, CPO sales are down over 318,000 units, or 12.4%, compared to the same time last year. Cox Automotive expects CPO sales to … Continued

November Fleet Sales Up Nearly 55% Year Over Year

Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 8.2% month over month in November to 160,989 units, according to an early estimate from Cox Automotive. Combined sales into large rental, commercial, and government fleets were up nearly 55% year over year in November, the fifth consecutive month of double-digit, year-over-year … Continued

CPO Sales Rise Slightly in October, Remain On Track to Reach Forecast

Certified pre-owned (CPO) sales in October rose 2.5%, just over 5,000 units, from September to finish at 207,547. This total is down over 9,000 units from last October. Year to date, CPO sales are down over 335,000 units, or 14.1%, and Cox Automotive expects them to finish near 2.4 million for the full-year 2022. October CPO … Continued

October Fleet Sales Up Nearly 49% Year Over Year

Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 21% month over month in October to 148,721 units, according to an early estimate from Cox Automotive. Combined sales into large rental, commercial, and government fleets were up nearly 49% year over year in October. Sales into rental and commercial were both … Continued

September CPO Sales Lowest Since February, Expected to Rebound

Certified pre-owned (CPO) sales in September fell nearly 5%, just under 10,000 units, from August to finish at 201,707. This total is down over 26,000 units from last year and is the lowest monthly total since February of this year. 2022 CPO sales are down 15% year to date. September CPO Sales Leveraging a same-store … Continued

September Fleet Sales Drop Slightly, Remain Up Nearly 25% Year Over Year

Sales into large fleets, not including sales into dealer and manufacturer fleets, decreased 4.6% month over month in September to 122,586 units, according to an early estimate from Cox Automotive. September 2022 Fleet Sales Fleet Sales Up Nearly 25% Year Over Year Combined sales into large rental, commercial, and government fleets were up nearly 25% … Continued

Certified Pre-Owned Sales Rebound in August

Certified pre-owned (CPO) sales increased month over month but underperformed the overall used-vehicle retail market in August. August CPO sales rose to 211,609 units, up more than 5,000 units or a 2.6% increase over July. Year-over-year CPO sales decreased by nearly 11,000 units, or 5.1% lower than in August 2021. August 2022 CPO Sales Leveraging … Continued