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CPO Sales Increase in October, Reversing Negative Trend

Sales of certified pre-owned (CPO) vehicles increased 1% year over year in October and were up 4% month over month compared to September, reversing a negative trend of three consecutive months of decreasing sales. For October, 233,514 CPO units were sold. The CPO market has been one of the strongest performing segments within the auto … Continued

13-Month Rolling Used-Vehicle SAAR

As another data point to monitor the health of the automotive market, Cox Automotive calculates a 13-month rolling used-vehicle seasonally adjusted annual rate (SAAR). According to Cox Automotive estimates, total used vehicle sales volume was down 5% year over year in October. We estimate the October used SAAR to be 37.5 million, down from 39.6 … Continued

October Fleet Sales Trend Upward, Continue Year-Over-Year Improvement

Month-over-month improvement continued in October with 132,560 total fleet volume sales up from 124,930 in September. Combined rental, commercial and government purchases of new vehicles were down 27%, or 49,649 units, year over year in October. Government units were up 8% year over year, on a small base, while rental units were down 43% year … Continued

CPO Sales Drop for Third Consecutive Month, Remain Down 7% Overall

Sales of certified pre-owned (CPO) vehicles increased nearly 10% year over year in September but were down 6% month over month compared to August. For September, 224,536 CPO units were sold. The CPO market has been one of the strongest performing segments within the auto retail market. Consumer demand has improved from the peak of … Continued

September Fleet Sales Improve Month Over Month, Remain Down 34% from Year-Ago Level

The month-over-month improvement resumed in September with 124,930 total fleet volume sales up from 101,159 in August. Combined rental, commercial and government purchases of new vehicles were down 34%, or 64,916 units, year over year in September.  Government units were up 40% year over year, on a small base, while rental units were down 62% … Continued

CPO Sales Drop in August, Remain Down 9% Overall

Sales of certified pre-owned (CPO) vehicles decreased 9% year over year in August and were down 6% month over month compared to July. For August, 238,498 CPO units were sold. CPO sales were on the rise for the past two months. Reflecting huge decreases in March and April and the impact of COVID-19, CPO sales … Continued

Fleet Sales Recovery Reverses in August, Down 51% Year Over Year

The month-over-month improvement in fleet sales reversed in August with only 101,159 of total fleet volume, down from 104,769 in July and 206,652 in August 2019. Combined rental, commercial and government purchases of new vehicles were down 51% year over year in August. Government units were up 13.5% year over year, on a small base, … Continued

CPO Sales Beat Year-Ago Levels Again in July, Remain Down 9% Overall

Sales of certified pre-owned (CPO) vehicles increased 8% year over year in July but were down 3% month over month compared to June. For July, 254,982 CPO units were sold. CPO sales were on a record-setting pace the first two months of the year before COVID-19 put the brakes on auto sales. Reflecting huge decreases … Continued

July Fleet Sales Improve, Remain Down 40% From 2019

Fleet sales showed month-over-month improvements, but combined rental, commercial and government purchases of new vehicles remained down 40% year over year in July. Total fleet volume in July was 104,769, down from 174,683 in July 2019. Government units were up 42% year over year, on a small base, while rental units were down 84.5% year … Continued

June CPO Sales Beat Year-Ago Level

Sales of certified pre-owned (CPO) vehicles increased 9% year over year in June and were up 10% month over month compared to May. For June, 261,586 CPO units were sold. CPO sales were on a record-setting pace the first two months of the year before COVID-19 put the brakes on auto sales. Reflecting huge decreases … Continued