Data Point
CPO Sales Crush It In August
Tuesday September 17, 2019
Article Highlights
- Sales of certified pre-owned (CPO) vehicles increased 11% year over year in August and were up 10% versus July.
- In August, 260,725 CPO units were sold.
- The largest brand in the CPO market is Toyota by far, representing 14% of CPO sales this year.
Sales of certified pre-owned (CPO) vehicles increased 11% year over year in August and were up 10% versus July. The increase was primarily driven by the shifted calendar which brought an extra selling day (including Labor Day) into last month. For the month, 260,725 CPO units were sold.
Over 1.9 million CPO vehicles have been sold in 2019, up 3% year to date versus 2018. This year CPO sales are growing at a comfortable pace above 2018’s record-setting performance. Favorable supply of vehicles entering the market will continue to support used retail sales.
The largest brand in the CPO market is Toyota by far, representing 14% of CPO sales this year.