CPO Sales’ Climb Steady

August shows they’re leading used deliveries at a measured pace.
August shows they’re leading used deliveries at a measured pace.
Segment doing better than thought, though overall used sales SAAR ended the month down Y-O-Y.
Modest increase still less than normally seen during spring selling season.
Dealer strategy shifts are bearing fruit, finds Cox Automotive's most recent report.
Up both month-over-month and year-over-year in surprise turn.
Leasing’s decline behind forecast.
Early figures show about 10% drop, but there was a late-year surge.
The interest rate factor actually buoys them, Cox says.
Certified pre-owned sales fell over 11% year-over-year in September and are off 5% since August, finds a Cox Automotive analysis of Motor Intelligence data.
The report, based on Cox’s analysis of Motor Intelligence data, reported 211,609 CPO sales in August.
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