Used-Vehicle Sales Fall
April dip from unusual spring surge is still well above last year, Cox says.
Days' supply was up by two days as April came to a close.
Pexels/Engin Akyurt
Used-vehicle sales waned in April after jumping on the combination spring “bounce” and trade tariff-induced surge.
The 1.6 million units in U.S. retail sales by franchised and independent auto dealers made for a 4% month-over-month dip, but that was still up year-over-year by a significant 12%, Cox Automotive said.
The certified preowned segment was nearly a mirror image of overall used sales volume. It fell 6% month-over-month to more than 232,000, but that was up 11% year-over-year, Cox data show. Year-to-date sales are up about 4% over the same period last year.
Used-vehicle days’ supply stood at 43 at month’s end, up two days from the start of the month.
Despite the April volume decline, used sales are still well above recent years’ deliveries, said Cox Manager of Economic and Industry Insights Scott Vanner.
Originally posted on F&I and Showroom
More Sales
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →
Two Kinds of Agents and the 5 Ps That Separate Them
Follow these key guidelines to distinguish your agency from competitors by adding more value to your dealer clients' businesses.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
Read More →
July Auto Sales Simmer
Deliveries were up modestly from a year ago despite still-high prices as OEMs offered more incentives and loan rates eased somewhat.
Read More →
Used Sales Hit Summer Drag
The vacation season, combined with high prices, has dented deliveries and added to inventories, though supply is still slim enough to keep listings elevated.
Read More →
June Automotive Boon?
A forecast for this month’s new-vehicle sales tells a familiar 2026 story: Year-over-year comparisons must be made in light of last year’s aberrations.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →
Legacy Automakers Risk Falling Behind
As legacy automakers, mostly in the U.S. and Japan, have revised their 2030 electric-vehicle sales targets and shifted to a hybrid focus, they risk falling behind new market leaders.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →