CPO Sales Surge in December, Total Hits 2023 Forecast
01/17/2024
Certified pre-owned (CPO) sales reached 228,237 in December, up 1.3% year over year, with an increase of nearly 3,000 units from December 2022. This represents a significant month-over-month increase, with CPO sales growing by 22,374 units or 10.9%. “Unlike overall December used sales, CPO delivered a great end-of-year gift,” said Chris Frey, senior manager of Economic and Industry Insights at Cox Automotive. “Luxury helped move the…
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CPO Sales Come in Weaker Than Normal in November
12/18/2023
Certified pre-owned (CPO) sales reached 205,863 in November, up 3.8% year over year, with an increase of 7,550 units from November 2022. However, this represents a slight month-over-month decrease, as CPO sales were down by over 1,300 units, or 0.6%. “Some wind has come out of the sails this quarter compared to sales between April and September,” said Chris Frey, senior manager of Economic and Industry…
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September CPO Sales Come in Strong, Top 2 Million Units Year to Date
10/18/2023
Certified pre-owned (CPO) sales in September totaled 254,976, an increase of more than 28,000 – nearly 14% – year over year, but a slight month-over-month dip due to one less selling day. September’s total was down 12,514 units, a 5% decrease, from August’s number. “CPO sales over the last three months have been the highest in any month since July 2021,” said Chris Frey, senior manager…
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