Latest CPO Sales Movements
The certified pre-owned business is on track for another record year, and October proved to be a rather hot month for many brands. Here’s a rundown of how a few performed:
Starting with Hyundai, the automaker reported its best October ever for CPO sales, moving 8,421 CPO units for a 31.5-percent hike.
Through 10 months of the year, Hyundai has moved 79,674 CPO vehicles (up 24.9 percent), with 762 of its dealers having sold at least one certified vehicle.
Volkswagen also had its strongest CPO October, selling 7,825 vehicles for a 12.6-percent hike. Through October, it has sold 76,831 certified vehicles year-to-date, compared to 79,685 in the year-ago period.
The company has now sold more than 6,000 CPO units for 33 straight months, VW said.
Kia had 4,274 certified sales for the month, beating year-ago figures by 30.6 percent. Year-to-date, it has sold 40,247 certified vehicles for a 41.8-percent hike.
At Ford, its brands combined to move 22,912 CPO vehicles in October, with year-to-date sales at 226,543.
Breaking that down, Lincoln had 2,350 CPO sales in October and 21,762 through 10 months. There were 20,562 Ford/Mercury certified sales in October and 204,781 year-to-date.
For Mazda, its October certified were at 3,497, an increase of 5 percent year-over-year. In 10 months, its sales have climbed 15 percent to reach 35,768 CPO units.
Next up, Audi moved 3,964 CPO units in October. It has sold 38,506 certified vehicles year-to-date, against 32,556 through 10 months of 2013.
Volvo had 1,192 CPO sales in October for a 64-percent year-over-year leap. Year-to-date, it’s up 36.5 percent with 11,762 sales. In fact, in 10 months, Volvo already surpassed full-year 2013 CPO sales (10,199).
Moving over to Porsche, it said there were 1,050 U.S. Porsche Approved Certified Pre-Owned vehicle sales for the month, a 19-percent increase.
Mercedes-Benz USA said that Mercedes-Benz Certified Pre-Owned had 9,834 sales last month (up 29.2 percent), and it has moved 98,186 units year-to-date (up 22 percent).
At BMW North America, the BMW brand had used sales (including CPO and non-CPO used) of 15,272 for October, down 1.5 percent year-over-year. Through October, sales are at 164,455 (up 11.4 percent).
The MINI brand (again, including MINI NEXT certified pre-owned and non-CPO used) had 1,889 used sales in October (down 3.7 percent) and it has moved 20,954 units year-to-date (up 15.5 percent).