10 segments with most share of CPO market
Midsize cars and compact cars combined to make up more than two-fifths of certified pre-owned sales in the first quarter, according to Edmunds.com.
In the company’s Q1 Used Vehicle Market Report released last week, these two vehicle types led the list of 10 largest CPO segments, with midsize cars claiming a 21.1-percent share of the certified market and compact cars taking a 20.6-percent share.
“Despite having little to negative year-over-year price growth, midsize and compact cars are the largest CPO segments. Leasing in these segments has become quite prevalent and has led to a healthy supply of vehicles that meet certification standards,” Edmunds said in the report.
Compact crossover SUVs were next at 13.6 percent, followed by midsize crossover SUVs at 9.1 percent. Rounding out the top five was the midsize traditional SUV (5.8 percent).
The complete top 10 CPO vehicle segments from Edmunds is below:
- Midsize car: 21.1%
- Compact car: 20.6%
- Compact crossover SUV: 13.6%
- Midsize crossover SUV: 9.1%
- Midsize traditional SUV: 5.8%
- Minivan: 5.0%
- Large truck: 4.3%
- Subcompact car: 4.0%
- Entry luxury car: 3.7%
- Large car: 2.4%