Up both month-over-month and year-over-year in surprise turn.
Leasing’s decline behind forecast.
Early figures show about 10% drop, but there was a late-year surge.
The interest rate factor actually buoys them, Cox says.
Certified pre-owned sales fell over 11% year-over-year in September and are off 5% since August, finds a Cox Automotive analysis of Motor Intelligence data.
The report, based on Cox’s analysis of Motor Intelligence data, reported 211,609 CPO sales in August.
The industry saw 14.3% month over month growth, but CPO sales still fell 23.3% short of 2021 sales for the same month.
Autotrader announced the 2020 Best Non-Luxury and Luxury Certified Pre-Owned Programs for 2020. Since today’s car shoppers are focused on value and affordability, CPO is a perfect option for a cheaper vehicle that has a manufacturer-backed warranty.
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