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CPO sales are up 12% versus the same time in 2020 and are marginally above the same period in 2019 when a record-high 1,900,589 units were sold.
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The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
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High prices and relatively tight inventory keep more buyers at bay.
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The mid-month Manheim Used Vehicle Value Index is still up 18% year over year.
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Chip shortages and surging demand are squeezing used vehicle sales while inflating prices.
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The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
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On a year-over-year basis, all major market segments saw seasonally adjusted price increases in April.
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Strong spring sales thanks to tax refunds and stimulus checks depleted the supply.
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iSeeCars.com analyzed over 8.5 million used car sales across the three dealer types and found that rental car dealers consistently provide the greatest savings, while local dealerships are priced close to market value and virtual dealerships are priced above market value.
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The settlement suspends litigation with debtors. Hertz agrees to pay $650 million and dispose of at least 182,521 leased vehicles by December 31.
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