Cox Automotive is forecasting retail used vehicle sales in 2025 to reach 20.1 million, an increase of about 1.2% compared to 2024.
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Ford’s F-Series trucks and Transit vans take center stage in the 2025 Vincentric CPO Awards, securing top accolades for their exceptional value and low ownership costs.
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The 1.66 million used vehicles sold at retail are up 11% year over year compared to March 2023 and the highest volume since March 2022.
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Finding the right product at the right price is more challenging for used vehicle buyers today, amid higher interest rates and recession fears.
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Higher interest rates are constraining affordability, and the number of potential buyers for used vehicles is declining when comparing 2022 to 2021.
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Most loan types saw loosening in October, but certified pre-owned loans loosened the most month over month and year over year.
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CPO has been up and down this year as it’s affected by supply and demand, but it should end the year at 2.4 million.
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Cox estimates that used retail sales increased 11% in August from July and that used retail sales were down 9% year over year.
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The used market this year is feeling the effects of high-inflation and elevated used-vehicle prices. Sales continue to be soft, but the market is not under stress
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The downward trend continues, as June CPO sales were down 1% from May’s sales stats.
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