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Data Point

Used-Vehicle Retail Sales Dip in June; CPO Volume Falls Sharply

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According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in June1 decreased month over month compared to May. 

A total of 1.46 million used vehicles were sold at retail – from both franchised and independent dealers – during June, down 1.5% month over month and up 2.4% year over year. Days’ supply of used vehicles in the most recent report was 45, unchanged from the upwardly revised level at the beginning of June but down two days compared to the same time last year.

Monthly Used-Vehicle Retail Sales Volume

Scott Vanner, manager of Economic and Industry Insights at Cox Automotive, noted: The slight decrease in used-vehicle sales was anticipated following the spring surge, as this seasonal slowdown is typical for this time of year. Demand remains robust as consumers seek affordable vehicle options and aim to get the most value for their money, with some potential new-car buyers turning to the used market instead.”

The retail used-vehicle sales estimates are based on observed unit changes tracked by vAuto, a Cox Automotive brand specializing in inventory management. The vAuto Live Market View database provides guidance on sales pace and volume over time. Full-year sales volume, based on registrations and other sources, is updated annually.

CPO Sales Down in June as Expected

Certified pre-owned (CPO) sales decreased 13.1% month over month in June, according to data reviewed by Cox Automotive. CPO sales in June were down 3.7% year over year. The decrease in CPO sales was expected, as June had fewer sales days than both last month and last year, and did not include the holiday weekend. June’s CPO sales are estimated at 200,950, down from the still robust 231,137 in May. Year-to-date, CPO sales are running around 2% higher than the same period last year.


1The estimated monthly retail used-vehicle sales number is based on vAuto Live Market View data from the most recent 30-day period. This change aligns the sales data in the monthly estimated sales report with the monthly inventory report. The historical data in the downloadable file has been updated to reflect comparable 30-day sales data.

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