The overall used-vehicle market is experiencing a weaker spring than expected
CPO Sales Rise Third Month in a Row
But they remain off last year's pace because limited new-vehicle inventory has slowed the gently used segment due to fewer trade-ins.
But they remain off last year's pace because limited new-vehicle inventory has slowed the gently used segment due to fewer trade-ins.
Cox Automotive is forecasting a strong year for CPO at three million units, an increase year over year and above the record set in 2019.
With record numbers of lease-holders choosing to keep instead of return their leased vehicles, the pool of available CPO-eligible inventory is lower than usual.
With two months left in 2021, reaching the revised Cox Automotive CPO sales forecast of 2.7 million units – and possibly matching the 2.8 million record-setting 2019 level – remains within reach.
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.
Honda, Lexus and GMC earn top honors with Vincentric’s Best CPO Value in America awards.
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