- According to Cox Automotive estimates, total used-vehicle sales volume was flat year over year in December.
- The December used-vehicle SAAR is 40 million units.
- The December retail used-vehicle SAAR is 20.1 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 flat year over year in December. We estimate the December used SAAR to be 40 million, on par with last December and up from November’s 39.7 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 December used retail SAAR estimate is 20.1 million, up from 19.6 million last year and up month over month from November’s 19.3 million rate.
The Cox Automotive used-vehicle SAAR is 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.