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13-Month Rolling Used-Vehicle SAAR

As another data point to monitor the health of the automotive market, according to Cox Automotive estimates, total used-vehicle sales were down 3% year over year in February. We estimate the February used SAAR to be 38.0 million, down from 39.4 million last February and flat compared to January’s 38.1 million rate. The used retail … Continued

CPO Sales Up 24% in December and End Year Down 7%

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

Fleet Sales Improve in December but End Year Down 36%

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

CPO Sales Drop 20% in November

Sales of certified pre-owned (CPO) vehicles declined 21% year over year in November with 3 less selling days and were down 20% month over month compared to October, reflecting a normalizing market coming off of a resilient performance in the summer and fall months. For November, 186,861 CPO units were sold. The CPO market has … Continued

November Fleet Sales Recovery Reverses Slightly, Remain Down 29% From Year-Ago Level

In November, 132,145 total fleet units were sold, compared to 132,560 in October. Combined sales into large rental, commercial, and government buyers were down 29% year over year in November. Government units were up 3% year over year, on a small base, while rental units were down 42% year over year in November, an improvement … Continued

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

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