MENU
SEARCHMore less expensive units boost affordability along with other factors.
The certified preowned segment of used sales rose last month by 11% over July to a little over 235,000 units, though that was off 3% year-over-year.
Pexels/Erik McIean
Used-vehicle sales reached a nearly three-year high in August with an 8% month-over-month gain, according to Cox Automotive numbers.
Retail unit sales totaled 1.7 million for the month at franchised and independent dealers combined, about a 14% year-over-year jump and the highest volume since October 2021. Days’ supply was nevertheless also up from 41 to 44, Cox said.
Cox credited improved affordability, which it said has also been buoyed by consumer income growth and more lower-priced vehicles.
“The increase in sales is partly attributed to the change in inventory mix, with a notable rise in units sold priced under $15,000 in August,” said Senior Analyst of Economic and Industry Insights Scott Vanner.
The certified preowned segment of used sales rose last month by 11% over July to a little over 235,000 units, though that was off 3% year-over-year, Cox said. It attributed the outlier to the scarcity of trade-ins and off-lease units but nevertheless maintained its full-year projection of 2.6 million in CPO sales.
DIG DEEPER: Honda Leasing Used Cars
The South Korean automaker said it supports 570,000 jobs in the U.S. with a planned investment of $26 billion between 2025 and 2028, according to President and CEO José Muñoz.
Read More →
GM says more than 750 dealers across the U.S. are enrolled in CarBravo and that in January CarBravo dealers sold over two times the certified volume of Chevrolet, Buick and GMC dealers using traditional CPO.
Read More →
A longtime newspaper journalist, Bobit Dealer Group's editor was raised on news back in the South. Now she brings that news-hound ethic to our four auto retail magazines.
Read More →
This session is designed to equip general agents with actionable strategies that can help their dealers enhance the efficiency of financial services managers.
Read More →
A flat national rate despite inflation and other financial challenges shows industry loyalty stability, annual Reynolds and Reynolds research finds.
Read More →
Over half of insurance holders ages 18 to 29 reported to be 'somewhat' likely to change providers in the next 90 days, according to CivicScience, which found that interest was lower among older age groups.
Read More →
Total visits to dealer websites from generative artificial intelligence platforms grew more than 15 times year-over-year, signaling a shift in how many consumers shop for cars online.
Read More →
In the U.S., Honda has the most efficient gas-electrified combo lineup while Tesla beats all automakers in annual EPA ranking as brands built their alternative-fuel offerings.
Read More →
Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.
Read More →
Americans’ view of present business conditions, the labor market and family finances, though, are still in the dumps, and if they plan to buy cars, many target used units.
Read More →
