- According to Cox Automotive estimates, total used-vehicle sales volume was down 2.7% year over year in November.
- The November used-vehicle SAAR is 39.7 million units.
- The November retail used-vehicle SAAR is 19.3 million units.
As another data point to monitor the health of the automotive market, Cox Automotive calculates a 13-month rolling used-vehicle seasonally adjusted annual rate (SAAR). According to Cox Automotive estimates, total used-vehicle sales volume was down 2.7% year over year in November. We estimate the November used SAAR to be 39.7 million, down from 40.8 million last November and up from October’s 39.6 million rate.
The used retail SAAR takes it a step further by only looking at used vehicles sold via a dealership (both franchised and independent) thus removing private party sales from the calculation. The November used retail SAAR estimate is 19.3 million, down from 19.4 million last year and down month over month from October’s 20.6 million rate.
The Cox Automotive used-vehicle SAAR will be updated monthly – one business day prior to release of the Manheim Used Vehicle Value Index, which is published the fifth business day of each month.