4th Straight Year of Record CPO Sales
The certified pre-owned market just completed its fourth consecutive best-ever year, but the records don’t end there.
A few handfuls of brands posted all-time highs for annual CPO sales, according to Autodata Corp., which said Tuesday that last month was a best-ever December, and the final three months of 2014 marked a best-ever fourth quarter.
All told, there were 2.34 million certified sales in 2014, which beats 2013 figures by 10.8 percent, according to Autodata. Dealers moved 200,671 CPO vehicles in December, a 17.2-percent increase from the same period of 2013.
There were 596,178 certified vehicles sold in Q4, a 13.4-percent year-over-year hike.
Reporting best-ever years for CPO, according to Autodata, were: Audi, Chrysler, Fiat, Ford Motor Co., Hyundai, Infiniti, Kia, Land Rover, Lexus, Mazda, Maserati, Mercedes-Benz, Mini, Nissan, Porsche and Subaru.
Prior to these results being released, Auto Remarketing provided a sneak peek at how some of the automakers reporting early CPO results had fared in 2014.
For even more CPO coverage, stay tuned to our debut CPO Weekly e-newsletter this afternoon. A complete run-down of industry and brand-level certified sales results will be available in the January print issue of Auto Remarketing.