icon-branding Events Icon Created with Sketch. Inventory Icon Created with Sketch. icon-mail-hovericon-mail Marketing Icon Created with Sketch. icon-operationsicon-phone-hovericon-phone Product Training Icon Created with Sketch. Sales Icon Created with Sketch. Service Icon Created with Sketch. icon-social-fb-hovericon-social-fbicon-social-google-hovericon-social-googleicon-social-linkedin-hovericon-social-linkedinicon-social-rss-hovericon-social-rss icon-social-twitter Created with Sketch. icon-social-twitter-hovericon-social-twittericon-social-youtube-hovericon-social-youtube

News Coverage

CPO Gains Some Year-Over-Year Steam to Start 2nd Half

Share

Facebook Share Tweet Linkedin Share Email Email

Auto Remarketing, Aug. 19, 2019 — It was a great start to the second half of the year for the certified pre-owned car market.

There were 236,579 CPO vehicle sales in July, which beat year-ago figures by 6%, despite trailing June figures by 2%, says a new Data Point report from Cox Automotive, which cites Motor Intelligence data.

This follows a first half where sales were up 1.3%, as the CPO market increasingly looks like it will reach a ninth straight record year.

Through seven months, certified sales have climbed 2% year-over-year, eclipsing the 1.6 million-unit mark, according to the Cox Automotive report.

“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,” analysts said in the report.

Read more

Tariffs: Our Insights

The Cox Automotive Economic and Industry Insights team is closely monitoring tariff developments and regularly publishing insightful commentary and analysis as appropriate.

READ THE LATEST

Sign up here to receive bi-weekly updates on news and trends dominating the automotive industry.