As another data point to monitor the health of the automotive market, according to Cox Automotive estimates, total used vehicle sales were up 3% year over year in May. We estimate the May used SAAR to be 41.0 million, up from 39.9 million last May and flat compared to April. The used retail SAAR takes … 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
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
In March, 183,042 total fleet units were sold, compared to 178,252 in February and 229,725 last March, a 2.7% month-over-month improvement. Combined sales into large rental, commercial, and government buyers were down 20.3% year over year in March. This brings the Q1 2021 total fleet sales to 514,666 units, a 28% decrease from Q1 2020 … Continued
Sales of certified pre-owned (CPO) vehicles declined 12% year over year in February but were up 4% month over month compared to softer sales in January. In February, 209,744 CPO units were sold. The CPO market has been one of the strongest performing segments within the auto retail market despite the ongoing pandemic. Going into 2021, … Continued
In February, 178,252 total fleet units were sold, compared to 153,372 in January, a 16.2% month-over-month improvement. Combined sales into large rental, commercial, and government buyers were down 36% year over year in February. Government units were down 39% year over year, on a small base, while rental units were down 43% year over year … Continued
Sales of certified pre-owned (CPO) vehicles declined 7% year over year in January, down from last year’s level which was the highest January CPO sales in a decade. For January, 201,023 CPO units were sold, down 13% month over month compared to the seasonally strong CPO sales in December. The CPO market has been one … Continued
In January, 153,372 total fleet units were sold, compared to 165,713 in December. Combined sales into large rental, commercial, and government buyers were down 26% year over year in January. Government units were down 21% year over year, on a small base, while rental units were down 33% year over year in January, an improvement … Continued
Sales of certified pre-owned (CPO) vehicles declined 2% year over year in December and were up 24% month over month compared to November, reflecting a normalizing market coming off of a resilient performance in the summer and fall months. For December, 231,042 CPO units were sold. The CPO market has been one of the strongest … Continued
In December, 165,713 total fleet units were sold, compared to 132,145 in November. Combined sales into large rental, commercial, and government buyers were down 25% year over year in December. Government units were up 3% year over year, on a small base, while rental units were down 41% year over year in December, an improvement … Continued