CPO Sales Continue Climb in February
Up both month-over-month and year-over-year in surprise turn.
Annual CPO sales fell 10% last year, and Cox forecasts an 11% fall this year to 2.2 million units, the weakest volume in 10 years, though it could revise that if upticks continue.
IMAGE: Pixabay/Fotorech
Certified preowned auto sales ticked up again in February, though Cox Automotive analysts still expect an annual drop again this year.
Month-over-month CPO sales rose about 2% for the month, Cox said, to end at nearly 206,000 units. That’s up 7.3% year-over-year.
“Our initial forecast was for CPO sales to fall a bit this year, but the numbers are not supporting that drop,” said Cox Senior Director of Economic and Industry Insights Charlie Chesbrough.
“CPO sales are up nearly 14%, meaning almost 50,000 more CPO units have been sold in the first two months of the year compared to the same time in 2022. With younger off-lease units in short supply, automakers are expanding their CPO programs to include older vehicles. As a result, the CPO sales pace so far this year is running hotter than expected.”
Toyota enjoyed the greatest CPO sales volume for the month among the biggest brands, while Honda and Hyundai posted the biggest year-over-year increases, followed by Ford.
Annual CPO sales fell 10% last year, and Cox forecasts an 11% fall this year to 2.2 million units, the weakest volume in 10 years. But looking at the sales pace for the first two months, Cox indicated it will take another look at its forecast at first quarter’s end to decide if an upward revision makes sense.
Originally posted on Auto Dealer Today
More Industry
Charger Network Growth Slows
Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.
Read More →
Lenders, Consumers Take on More Auto Loan Risk
September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.
Read More →
Next-Gen Hybrids in Sight
Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.
Read More →
Gem State Stores Change Hands
A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.
Read More →
Charging In Motion
Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.
Read More →
Twin Cities Stores Sell
Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.
Read More →
U.S. Auto Sales Still Below Prepandemic Levels
Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.
Read More →
The Powertrain Shift
Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.
Read More →
Achromatic Autos
The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.
Read More →
Used-Vehicle Affordability Worsens
Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.
Read More →