CPO sales Archives

Certified Pre-Owned Sales Rebound in August 09/09/2022 Certified pre-owned (CPO) sales increased month over month but underperformed the overall used-vehicle retail market in August. August CPO sales rose to 211,609 units, up more than 5,000 units or a 2.6% increase over July. Year-over-year CPO sales decreased by nearly 11,000 units, or 5.1% lower than in August 2021. August 2022 CPO Sales Leveraging a same-store set of dealerships selected to represent the country from… Read Article

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Certified Pre-Owned Sales Hold Steady in July 08/12/2022 Certified pre-owned (CPO) sales in July fell to 206,346 units, a level nearly equal to June’s volume of 206,443 and down 17% from July 2021. Since May, CPO sales have been remarkably stable. Sales of CPO are down nearly 17% year to date. Currently, they are on track to finish near 2.4 million in 2022. Using estimates from Dealertrack, used-vehicle retail sales declined 13% in July from… Read Article

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CPO Sales Decrease Again in June, Remain Down Nearly 17% Year to Date 07/12/2022 Certified pre-owned (CPO) sales in June fell to 205,924 units, down 1% from May’s 208,423 unit sales and down nearly 17% from June 2021. So far in 2022, CPO sales peaked in April but have fallen in both May and June. June CPO Sales Leveraging a same-store set of dealerships selected to represent the country from Dealertrack, we estimate that used retail sales increased 5% in… Read Article

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CPO Sales Drop in May, Down 17.5% Year to Date 06/10/2022 Certified pre-owned (CPO) sales in May fell to 208,423 units, down 7% from April’s 223,999 unit sales and down over 22% from May 2021. May’s CPO sales result is the lowest since February and halts four straight months of increases. MAY 2022 CPO SALES Leveraging a same-store set of dealerships selected to represent the country from Dealertrack, we estimate that used retail sales declined 1% in… Read Article

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CPO Sales Improve Slightly in April, Remain Behind 2021 05/06/2022 Certified pre-owned (CPO) sales in April rose to 223,999 units, up 2% from March’s 219,360. April’s CPO result is the highest since September 2021 and is the fourth straight uptick this year. However, CPO sales are down 14% year over year. APRIL 2022 CPO SALES Leveraging a same-store set of dealerships selected to represent the country from Dealertrack, we estimate that used retail sales declined 13%… Read Article

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CPO Sales Increase for Third Consecutive Month, Remain Off Last Year’s Pace 04/13/2022 Certified pre-owned (CPO) sales in March rose to 219,360 units. This total is up 14.3% from February’s 191,860, but down nearly 23.3% from March 2021. March’s CPO result is the highest since September 2021 and is the third straight uptick this year. MARCH 2022 CPO SALES Used-vehicle sales in March were down nearly 12% from one year ago according to Cox Automotive estimates. The seasonally adjusted annual… Read Article

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February CPO Sales Increase By Double Digits Month Over Month 03/11/2022 Certified pre-owned (CPO) sales in February rose to 191,860 units. This total is up 15.3% from January’s 166,309, but down nearly 8.5% from February 2021. February’s CPO result is the highest since October 2021 and interrupts a six-month downward trend. CPO sales have been in decline since having strong sales in Q2 and Q3 of 2021. February 2022 CPO Sales NEW-VEHICLE SHOPPERS TURN INTO CPO BUYERS… Read Article

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CPO Sales Get Off to a Slow Start in January 02/11/2022 Certified pre-owned (CPO) sales in January fell to 166,309 units. This total is down nearly 11% from December’s 186,748 and down nearly 17% from January 2021. January’s CPO result is the lowest monthly total since April 2020. CPO sales have been in decline since having strong sales in Q2 and Q3 of 2021. January 2022 CPO Sales With record numbers of lease-holders choosing to keep, rather than return,… Read Article

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2021 CPO Sales Narrowly Miss Record 01/14/2022 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 Jonathan Smoke. "The demand is there, and CPO fits a very… Read Article

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Certified Pre-Owned Sales Drop Below Record Level in November 12/14/2021 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 up 8% compared to the same period last year but are… Read Article

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