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According to Cox Automotive estimates, total used-vehicle sales were down 14% year over year in August. The seasonally adjusted annual rate (SAAR) of sales declined to 35.7 million, down significantly from 41.6 million last August and also down compared to 41.7 million in July. Total used-vehicle sales volume last month was estimated at 3.1 million, … Continued
Certified pre-owned (CPO) sales reached 222,942 units in August. This sales level reflects a 10% month-over-month decrease and a 7% year-over-year decrease when CPO sales continued their strong performance in August 2020 as an important part of the used-vehicle market recovery. The year-over-year decrease was less than the overall used-vehicle market decline of 12%. A … Continued
Certified pre-owned (CPO) sales had a frenzied spring, just like the broader used-vehicle retail market. However, like the market, the frenzy cooled down as spring ended and transitioned into summer. In June, 239,049 CPO units were sold. June CPO sales were down 9% year over year and down 11% month over month as waning stimulus … Continued
In June, 138,801 total fleet units were sold, an 18% month-over-month decrease compared to 168,166 in May but a 63% increase from June 2020, which recorded 85,104 units. This brings the first-half total combined large rental, commercial, and government purchases of new vehicles to 969,751. First-half fleet sales increased 5% over this time in 2020 but … Continued
The certified pre-owned (CPO) market performed well with 268,452 CPO units sold in May, a 4% month-over-month increase and a 13% year-over-year increase. CPO sales in May 2021 outperformed the same month in 2019 by 16,589 units. With 1,224,522 CPO units sold through May, CPO sales are up 25% versus the same time in 2020 … Continued
In May, 168,166 total fleet units were sold, a 14% month-over-month increase compared to 148,118 in April but a 222% increase from May 2020 which recorded 52,203 units. This brings the 2021 year-to-date total combined large rental, commercial, and government purchases of new vehicles to 830,950 units, a .9% decrease from this time in 2020 … Continued
The Cox Automotive Economic and Industry insights team’s goal is to help automotive industry stakeholders make the best decisions for the future. The 2021 Cox Automotive Market Insights & Outlook flipbook makes accessing key data and insights easy. This digital format allows readers to quickly find what they are looking for and can be downloaded as a PDF and … Continued
Coming down from a record-breaking month in March, the certified pre-owned (CPO) market still performed well with 259,242 CPO units sold in April, a 9% month-over-month decrease but a 104% year-over-year increase. CPO sales in April 2021 outperformed the same month in 2019 by 25,702 units. Year-to-date CPO sales are up 29% versus the same … Continued
In April, 148,118 total fleet units were sold, a 19% month-over-month drop compared to 183,042 in March but a 106% increase from April 2020 which recorded 72,084 units. This brings the 2021 year-to-date total combined large rental, commercial, and government purchases of new vehicles to 662,784 units, a 16% decrease from this time in 2020 … Continued
The certified pre-owned (CPO) market had a record-breaking month in March by setting a historic high. For March, 286,061 CPO units were sold, beating the last record high set in March 2019 of 265,878 units. Sales of CPO vehicles increased 80% year over year in March and ended up 36% month over month compared to … Continued