- According to Cox Automotive estimates, total used-vehicle sales volume was down 0.1% year-over-year in September.
- The September used-vehicle SAAR is 39.8 million units.
- The September retail used-vehicle SAAR is 20 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, used-vehicles sales in September were stronger than new. While the new market saw a big drop in volume, total used-vehicle sales volume was down only 0.1% year over year in September. We estimate the September used-vehicle SAAR to be 39.8 million, up from 39.7 million last September and flat from August’s 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 September used retail SAAR estimate is 20 million, up from 19.6 million last September and flat month over month.
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.