Daily CPO Sales Rate Narrowly Misses Record
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
WOODCLIFF LAKE, N.J. –
Certified pre-owned sales in February beat year-ago figures by more than 10 percent, and the daily selling rate was just a hair away from being the best-ever, according to Autodata Corp.
The firm estimates there were 197,499 CPO sales last month (based on brands reporting results as of Wednesday morning). This would be a 10.3-percent year-over-year gain.
Through two months of 2015, there is already some progress in the CPO market, as year-to-date sales are at an estimated 392,364 units, beating the year-ago pace by 13.6 percent.
Autodata indicates that the daily selling rate was 8,229 units in February. This is up 10.3 percent year-over-year.
While acknowledging that there were only 24 selling days, the firm says this pace narrowly misses the all-time best.