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Data Point

CPO Sales on Pace to Break 2018 Record

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Article Highlights

  1. Sales of certified pre-owned (CPO) vehicles increased 1% in May compared to May 2018 and were up 8% compared to April.
  2. For the month, 251,863 CPO units were sold.
  3. The year-to-date total for CPO sales is 1,162,441 units, which is on pace to be a new record.

Sales of certified pre-owned (CPO) vehicles increased 1% in May compared to May 2018 and were up 8% compared to April. For the month, 251,863 CPO units were sold. This brings the total CPO sales for 2019 to 1,162,441 units.

This year CPO sales are up 2% versus 2018, growing at a comfortable pace above 2018’s record-setting performance. 

As the used-vehicle market continues to see strong consumer demand with ample supply of off-lease units coming to market, the CPO market is primed to continue to see favorable growth and is on pace to set another record.

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