certified pre-owned Archives

CPO Sales Surge in December, Total Hits 2023 Forecast 01/17/2024 Certified pre-owned (CPO) sales reached 228,237 in December, up 1.3% year over year, with an increase of nearly 3,000 units from December 2022. This represents a significant month-over-month increase, with CPO sales growing by 22,374 units or 10.9%. “Unlike overall December used sales, CPO delivered a great end-of-year gift,” said Chris Frey, senior manager of Economic and Industry Insights at Cox Automotive. “Luxury helped move the… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

CPO Sales Come in Weaker Than Normal in November 12/18/2023 Certified pre-owned (CPO) sales reached 205,863 in November, up 3.8% year over year, with an increase of 7,550 units from November 2022. However, this represents a slight month-over-month decrease, as CPO sales were down by over 1,300 units, or 0.6%. “Some wind has come out of the sails this quarter compared to sales between April and September,” said Chris Frey, senior manager of Economic and Industry… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

CPO Sales Come in Surprisingly Weak in October 11/17/2023 In October, certified pre-owned (CPO) sales experienced a slight decline, falling by less than 400 units from October 2022 to reach 207,189, a year-over-year decrease of 0.2%. However, this decrease is more pronounced compared to September, as month-over-month CPO sales were down by over 23,000 units, or 10.1%. One less selling day contributed to both year-over-year and month-over-month declines. “CPO sales came in surprisingly weak in… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

September CPO Sales Come in Strong, Top 2 Million Units Year to Date 10/18/2023 Certified pre-owned (CPO) sales in September totaled 254,976, an increase of more than 28,000 – nearly 14% – year over year, but a slight month-over-month dip due to one less selling day. September’s total was down 12,514 units, a 5% decrease, from August’s number. “CPO sales over the last three months have been the highest in any month since July 2021,” said Chris Frey, senior manager… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

CPO Sales Continue Trending Higher in August 09/20/2023 Certified pre-owned (CPO) sales in August rose nearly 15%, over 12,000 units, over last August to finish at 243,132. This total is up over 12,000 units, a 5% increase from July’s number. Year-to-date CPO sales remain up 8%, or over 134,000 units, compared to the first eight months of 2022. “CPO sales continue at a steadily improving measured pace, outperforming the overall used-vehicle market,” said Chris… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

CPO Sales Beat Expectations in July 08/16/2023 Certified pre-owned (CPO) sales rose by over 24,700 units year over year in July to finish at 231,128. This total is up more than 7,400 units from June’s number. Year-to-date CPO sales remain up 7%, or over 103,000 units, compared to the first seven months of 2022, which was a down year for the CPO market. “Certified pre-owned sales have been hotter than expected,” said Chris… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

CPO Sales Remain Hot in June, Outpacing the Used Market 07/18/2023 Certified pre-owned (CPO) sales in June rose 8.4%, over 17,000 units, over last June to finish at 223,718. This total is up over 4,000 units, a nearly 2% increase from May’s number. CPO sales year to date remain up 6.4%, or over 78,000 units, compared to the first six months of 2022, which was a down year for the CPO market. “One area of strength in… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

CPO Sales Outperform Overall Used-Vehicle Retail Market in May 06/19/2023 Certified pre-owned (CPO) sales in May rose 5.4%, over 11,000 units, from last May to finish at 219,633. This total is up nearly 5,000 units, a 2.3% increase from April’s number. CPO sales year to date remain up 6.0%, or 61,000 units, compared to the first five months of 2022, which was a rough year for the CPO market. “CPO sales usually experience a significant surge… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

CPO Sales Waver in April 05/16/2023 Certified pre-owned (CPO) sales in April fell more year over year than the overall used retail market. CPO sales decreased 4.2%, or over 9,000 units, from April 2022 to finish at 214,684. This total is down nearly 15,000 units, a 6% drop from March’s number. Year-to-date CPO sales remain up 6% compared to 2022. “April CPO sales took it on the chin compared to March, but… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

CPO Sales Continue to Climb in March, Q1 Up 10% Year Over Year 04/12/2023 Certified pre-owned (CPO) sales in March rose 4.2%, over 9,000 units, from last March to finish at 229,542. This total is up nearly 23,500 units, or over 11%, from February’s number. March CPO Sales Assessing retail vehicle sales based on observed changes in advertised units tracked by vAuto, we initially estimate that used retail sales increased 13% in March from February but failed to see the normal… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point