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After Slow Start, CPO Car Sales Now up 2% Year-to-Date

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Article Highlights

  1. There were 233,540 CPO vehicle sales in April, up approximately 6% year-over-year.
  2. Year-to-date CPO sales are up about 2% through April, with dealers selling 910,578 CPO units, Cox Automotive said.
  3. Cox Automotive is expecting the CPO sales gains to continue into the spring season, with the certified market poised to reached its ninth straight record year.

Auto Remarketing, May 16, 2019 — After softness in the first two months of the year, certified pre-owned vehicle sales are starting to pick up some steam.

According to Wednesday’s Data Point report from Cox Automotive, there were 233,540 CPO vehicle sales in April, up approximately 6% year-over-year.

Year-to-date CPO sales are up about 2% through April, with dealers selling 910,578 CPO units, Cox Automotive said.

All these gains come after a slow start to the year. There were 199,640 CPO sales in January, down from 203,024 in January 2018.  February CPO sales came in at 211,520, compared to 212,116 a year earlier.

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