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CPO Sales up 10% Month Over Month Following Record January

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Article Highlights

  1. Sales of certified pre-owned (CPO) vehicles increased 13% year over year in February and were up 10% month over month compared to January. 
  2. For the month, 238,229 CPO units were sold.
  3. This year CPO sales are up 10% versus 2019, the all-time record for the CPO market, with 454,188 sold through February.

Sales of certified pre-owned (CPO) vehicles increased 13% year over year in February and were up 10% month over month compared to January. For the month, 238,229 CPO units were sold.

This year CPO sales are up 10% versus 2019, the all-time record for the CPO market, with 454,188 sold through February. This means that the CPO market is more than 40,000 units above last year and 2018 vehicle sales for the first two months of 2020.

Toyota, Honda and Chevy continue to be the biggest players in the CPO market, collectively representing a third of all CPO sales. Those three plus Ford, Nissan and Jeep account for 50% of CPO sales so far in 2020. Last year, Toyota, Honda and Chevy accounted for 32% of the total industry CPO sales reflecting that brands have consistent CPO share sales this year compared to 2019.

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