Segment doing better than thought, though overall used sales SAAR ended the month down Y-O-Y.
July drop of 1.6% indicates slowing wholesale price declines, reports Cox Automotive.
Total sales are projected to reach nearly three million units, up 2.8% year-over-year, according to Cox Automotive.
Cox Automotive forecasts an improved used-vehicle market in latter half of the year.
Uniquely positions Reynolds to offer dealerships a complete suite of tools for their used-vehicle business needs.
4% lower than year-over-year, finds Cox Automotive Market Insights.
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.
U.S. new vehicle retail sales are expected to drop 888,900 units in September, from 1,182,788 a year ago.
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