June brings CPO gains for Canadian OEMs
June was another strong month for Canadian certified pre-owned sales, with many automakers experiencing record CPO sales and impressive year-over-year gains.
Volkswagen Canada experienced its best June on record for certified sales, with dealers delivering 1,587 CPO vehicles. This represents a 15.5-percent year-over-year spike from last June’s 1,374 CPO sales. Year-to-date, the company has sold 8,901 CPO vehicles, up 1.5 percent from the 8,770 sold during the same period in 2014.
Porsche Canada once again had its best month ever for CPO sales, delivering 146 units in June. This topped the previous record of 141 certified sales, which was set in May
Over at Subaru Canada, the OEM experienced all-time records for second-quarter sales, as well as year-to-date numbers. In June, the automaker sold 136 CPO vehicles, up 403.7 percent from June 2014 sales of 27 certified vehicles.
For its record quarter, the automaker delivered a total of 329 certified vehicles, up 239.2 percent from 2014’s second-quarter total of 97. Year-to-date, Subaru Canada has sold 477 CPO vehicles, up 211.8 percent from the 153 sold during the same period of 2014.
BMW Canada also saw sales rise last month, with 705 CPO vehicles sold. This is up 8 percent from the 655 sold in June 2014. Year-to-date, the company has sold 4,066 CPO vehicles — also up 8 percent from the 3,764 sold during the same period last year.
“BMW had another strong month of Pre-Owned CPO sales due to the excellent value in our program and the continuing efforts of our Retailers to deliver the brand promise of 'The Ultimate Driving Experience' to our customers,” said Bart Drozdziewicz, pre-owned and corporate fleet sales manager at BMW Canada.
Audi Canada experienced double-digit gains in CPO sales last month. The company sold 613 units, up 17 percent from June 2014 sales of 523. This successful month contributed to a year-to-date increase of 12 percent. So far this year, Audi Canada has sold 3,116 CPO vehicles, up from 2,787 sold during the same period last year.
Volvo Cars of Canada are seeing impressive year-over-year gains in its certified business. Last month, the company sold 140 CPO vehicles, marking an increase of 75 percent from the 80 sold in June 2014. Year-to-date, sales are up 26.9 percent. The company has sold 787 certified vehicles through June, up from 620 sold during the same period of 2014.
Toyota Canada had a successful month, as well, selling 1,747 CPO vehicles in June, up from 1,490 delivered during June 2014. That said, sales are down year-over-year. The company has sold 10,225 CPO vehicles so far this year, down from 18,141 during the same period of 2014.
The Jaguar Canada and Land Rover Canada CPO business continues to gain interest. In June, Jaguar Canada sold 34 CPO units, up from 15 sold during the same month last year, more than doubling sales. Land Rover Canada delivered 102 CPO vehicles last month, up from 67 during June 2014.
Year-to-date, Jaguar Canada has sold 168 certified units, while Land Rover Canada has delivered 546 certified vehicles.
The Mercedes-Benz Pre-Owned division — which includes both late-model used and CPO vehicles — delivered a total of 7,774 units in the second quarter, for a record-breaking year-over-year increase of 12.1 percent. In June, the full used division sold 1,416 units, which is 10.1 percent above June 2014 sales.
CPO sales, in particular, are up as well for Mercedes-Benz Canada. CPO sales in June totaled 1,147 units for an increase of 14.9 percent. Certified sales also accounted for 84.2 percent of the total pre-owned sales in June.