CPO sales move closer to another record
After two months of decline, certified pre-owned sales climbed 10 percent year-over-year in November, with dealers selling 202,501 CPO units, according to Autodata Corp.
That puts the year-to-date sales total at 2.41 million units through 11 months and less than 144,000 units shy of the record 2.55 million vehicles sold in full-year 2015.
With year-to-date sales up 3.6 percent, the CPO market — barring an epic year-over-year collapse in December — is all but certain to reach its sixth straight year of best-ever sales.
The Big 3 combined to sell 65,287 certified vehicles last month, which was down 0.2 percent year-over-year, according to Autodata. Through 11 months, domestics’ CPO sales are down 2.6 percent at 824,947.
Asian brands moved 102,028 CPO vehicles for the month, a 17.3-percent increase. Their 1.19 million CPO sales year-to-date represent a 10.1-percent hike.
European brands posted 35,186 certified sales for the month (up 11.2 percent), with year-to-date sales at 399,737 (down 0.6 percent).
An average of 8,100 CPO vehicles were moved each selling day last month, compared to 8,002 units in November 2015, Autodata said.
November's hearty CPO sales followed two months of moderately softer sales.
There were 206,846 certified sales in October, down 3.2 percent from the same month a year ago, according to Autodata. Dealers sold 208,070 CPO units in September, which was a 1.4-percent decline.