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COVID-19 BUSINESS UPDATES

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Data Point

13-Month Rolling Used-Vehicle SAAR

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Article Highlights

  1. According to Cox Automotive estimates, total used-vehicle sales volume was up 4.4% year over year in February.
  2. We estimate the February used SAAR to be 39.8 million, up from 39.4 million last February and up from January’s 39.5 million rate.
  3. The February used retail SAAR estimate is 21.2 million, up from 19.8 million last year and up month over month from January’s 20.7 million rate.

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 up 4.4% year over year in February. We estimate the February used SAAR to be 39.8 million, up from 39.4 million last February and up from January’s 39.5 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 February used retail SAAR estimate is 21.2 million, up from 19.8 million last year and up month over month from January’s 20.7 million rate.

Download the used-vehicle SAAR data file.

The Cox Automotive used-vehicle SAAR is updated monthly – one business day prior to the release of the Manheim Used Vehicle Value Index, which is published on the fifth business day of each month.

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