CPO (Certified Pre-Owned) sales will continue to grow as increasing consumer demand is met with new supply from off-lease volumes. Shoppers see the value of CPO because it gives those who can’t afford a new vehicle the opportunity to have similar technology along with the peace-of-mind that comes with CPO warranty coverage.
cpo sales (2017)
M
CPO sales YTD 2017 are 1.1 million (up 1.6% year-over-year).1
expected cpo sales (2017)
M
CPO sales for 2017 are expected to be between 2.7 – 2.9 million.2
Franchised used sales (CPO vehicles)
%
21% of franchised Used sales are CPO vehicles.3
average cpo
vehicle turn
vehicle turn
10
days
VS.
average non-cpo vehicle turn
10
days
On average CPO vehicles sell in 30 days (vs. 35 days for Used non-CPO).4
Top reasons consumers buy CPO
PEACE OF MIND
WARRANTY'S SAFETY BENEFITS
The top reasons consumers buy CPO are “peace of mind” and “warranty’s safety benefits”.5
