With two months left in 2021, reaching the revised Cox Automotive CPO sales forecast of 2.7 million units – and possibly matching the 2.8 million record-setting 2019 level – remains within reach.
With high prices and fast sales, dealers are selling cars before they get a chance to pull them into their shops to recondition them up to full CPO standards.
CPO sales are up 12% versus the same time in 2020 and are marginally above the same period in 2019 when a record-high 1,900,589 units were sold.
Near-record low new-vehicle inventory and record-high prices will keep certified pre-owned units as very attractive alternatives.
Vincentric has announced the winners of its 7th annual Best Certified Pre-Owned Value in America Awards and Ford, Subaru, and Lexus were some of the key winners.
Certified pre-owned vehicles have been strong this year. If the segment's current pace continues it should be able to beat out last year's record sales year.
Volvo Trucks and Mack Trucks are offering factory-backed warranties for each brand’s certified pre-owned trucks.
Hyundai topped Autotrader's list of 10 best non-luxury CPO programs for 2019.
Kia Motors America sold 39,954 certified pre-owned vehicles through the first half of 2018, marking a record high for the company.
Hyundai and Lexus offer the best certified-vehicle programs in 2018 for consumers shopping for used vehicles, according to the third-party shopping website Autotrader.
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