MENU
SEARCHCDK systems outage at least partly to blame. Cox foresees recovery this month.
Certified preowned sales figures also fell in the month.
Pexels/Erik McIean
Used-vehicle sales fell in June, at least partially due to the more than two-week CDK Global software shutdown.
Retail sales via franchised and independent dealers fell about 8% month-over-month to 1.4 million units, according to Cox Automotive. That’s still up nearly 1.5% year-over-year.
The dip was at least partly on paper rather than all lost sales, said Cox, which expects the slide to be reversed this month.
“While reporting was more disrupted than actual sales, we estimate a decline in used retail sales for June compared to May. However, much like a weather event, we believe any lost sales in June will be recovered in July,” said Cox Senior Analyst of Economic and Industry Insights Scott Vanner.
Certified preowned sales figures also fell in the month, also down about 8% to approximately 209,000, or a 7% year-over-year drop, according to Cox. Year-to-date CPO sales are flat compared to last year.
Originally posted on Auto Dealer Today
At nearly 14%, California had the lowest zero-emission vehicle market share in the first quarter since the fourth quarter of 2021, according to the California New Car Dealers Association.
Read More →
The new chief revenue officer joins the company from one of its partner firms and is an industry thought leader in participation programs.
Read More →
Technology leaders from Hyundai Motor Group will have open discussions at the inaugural HMG Tech Talent Forum on topics ranging from autonomous driving to 'smart' manufacturing.
Read More →
Stellantis is adding a third end-of-life vehicle dismantling facility to feed its growing reuse business sparked in large part by autos’ growing lifespans.
Read More →
U.S. consumer interest in electric vehicles lags behind other countries despite the rising gas prices caused by the ongoing war in the Middle East.
Read More →
Research reveals the brands and models most likely to have higher recall rates over their lifetimes. While some brands rank high, addressing safety issues can be a selling point.
Read More →
Dealers are facing growing frustrations with current generic artificial intelligence tools, according to a survey by Lotlinx, which found they want a solution that understands their inventories.
Read More →
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →
The sale of two Minnesota franchises ends a rare multigenerational business while adding to one of the Midwest’s biggest auto groups.
Read More →
2026 NADA Chairman Rob Cochran knows a thing or two about leadership after decades in the business. He brings an emphasis on stewardship to his new role at the head of the country’s major auto retail trade group.
Read More →