Total used-vehicle sales were down 4% year over year in December, according to Cox Automotive estimates. The estimated December used seasonally adjusted annual rate (SAAR) is 39.1 million, down from 40.6 million last December and flat compared to November’s revised 39.1 million SAAR. Used-Vehicle SAAR and Volume “Our used-vehicle sales estimates show slowing sales to … Continued
2021 certified pre-owned (CPO) sales nearly reached Cox Automotive’s forecast of 2.8 million, narrowly missing 2019’s record-breaking performance by only 2.2%. With 2,748,164 units sold in 2021, CPO sales outpaced 2020 with a 5.4% increase. “We lost ground in the last part of 2021, but we are forecasting a record in 2022,” said Cox Automotive Chief Economist … Continued
In December, 113,195 fleet units were sold, a 9% month-over-month increase compared to 104,227 in November but a drop of 32% from December 2020. With December in the books, the 2021 year-to-date total of combined large rental, commercial, and government purchases of new vehicles is approximately 1.6 million units, a 4% decrease from full-year 2020 … Continued
Certified pre-owned (CPO) sales fell to 181,079 units in November. This sales level reflects a 17% month-over-month decrease and a 3% year-over-year decrease. November CPO sales slowed for the second consecutive month, following a strong performance during the first three quarters of the year. CPO SALES With 2,561,416 units sold through November, year-to-date CPO sales are … Continued
In November, 104,227 fleet units were sold, a 4% month-over-month increase compared to 100,182 in October but a drop of 21% from November 2020. With November in the books, the 2021 year-to-date total of combined large rental, commercial, and government purchases of new vehicles is approximately 1.5 million units, a 1% decrease from this time … Continued
Certified pre-owned (CPO) sales reached 216,957 units in October. This sales level reflects a 5% month-over-month decrease and a 7% year-over-year decrease. Despite a slowing sales pace, CPO continues its strong performance in October as an important part of the used-vehicle market recovery. CPO SALES With 2,380,337 units sold through October, year-to-date CPO sales are up … Continued
In October, 100,182 total fleet units were sold, a 2% month-over-month increase compared to 98,415 in September and a 24% decrease from October 2020, which recorded 132,560 units. This brings the 2021 year-to-date total combined large rental, commercial, and government purchases of new vehicles to 1.39 million units, a 1% increase from this time in … Continued
Certified pre-owned (CPO) sales reached 228,118 units in September. This sales level reflects a 2% month-over-month increase and a 1% year-over-year increase when CPO sales continued their strong performance in September 2020 as an important part of the used-vehicle market recovery. CPO Sales With 2,163,380 units sold through September, year-to-date CPO sales are up 11% compared … Continued
In September, 98,415 total fleet units were sold, a 12% month-over-month decrease compared to 112,069 in August and a 21% decrease from September 2020 which recorded 124,930 units. This brings the 2021 year-to-date total combined large rental, commercial, and government purchases of new vehicles to 1.3 million units, a 3% increase from this time in … 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