2 brands reach August records for CPO sales
Canadian certified pre-owned sales were strong in August, with all reporting OEMs announcing certified sales increases, and two automakers notching monthly records.
Volkswagen Canada enjoyed a record August for CPO sales, with its dealers delivering 1,613 CPO vehicles in August. This represents an increase of 14.7 percent year-over-year. Year-to-date, the company has sold 12,077 CPO vehicles, up 4 percent from the 11,616 sold during the same time last year.
“Strong dealer engagement and attractive retail offers helped ignite our CPO sales over these summer months,” said Kelly-Ann Neary, used-vehicle sales manager at VW Canada.
Subaru notched yet another record month, selling 181 CPO units in August 2015, versus just 29 during the same period of 2014. This puts the automaker’s year-to-date total at 764, versus 207 in 2014.
CPO sales at BMW Canada continued to show positive growth this year, as its pre-owned division sold 680 units in August.
“7 Series is a strong performer, selling 255 units year-to-date (or 43 percent increase year-over-year). We hope to see this trend continue for the remainder of the year,” said Bart Drozdziewicz, specialist, pre-owned sales at BMW Canada.
To date, BMW Canada has sold 5,505 CPO vehicles, which is a 5-percent increase versus 2014.
Jaguar Land Rover Canada continue to see CPO sales improve. This past August, the Jaguar brand sold 33 certified units, up from 27 last year. Year-to-date, the brand has delivered 229 CPO luxury vehicles.
Land Rover also performed well, selling 105 certified units in August, up from 68 sold during the same month last year. So far this year, the nameplate has sold 768 CPO vehicles.
Porsche Approved CPO sales are soaring, as well. The company sold 142 certified vehicles in August, up 48 percent year-over-year.
Mercedes-Benz Pre-Owned division reported August sales of 1,310 units for an increase of 6.1 percent year-over-year. Year-to date, used sales are up 9.4 percent for a total of 10,378 sold. The company shared that CPO sales grew by 5.6 percent in August and 14.5 percent for the year, and currently account for 82.2 percent of the total pre-owned volume.
Volvo Cars of Canada sales were up, as well. The company sold 132 certified units last month, up from 112 sold during August 2014. Year-to-date, the company has delivered 1,070 CPO units, up 5.5 percent from the 1,014 sold during the same period of 2014.
Moving over to highlight some of the Asian nameplates, Toyota Canada CPO sales were up for the month, with 1,657 units sold in August. This is up from 1,546 sold during August 2014. Year-to-date, numbers are up, as well. Through August, the company sold 13,365 CPO units, up from 12,510 sold during the same period last year.
Over at Mazda Canada, its growing CPO program sold a total of 454 CPO vehicles in August.
Lastly, Hyundai Canada sold 549 CPO units in this past month, bringing total 2015 certified sales through August to 4,739.