For the certified pre-owned market, it truly might be the best of times.

With leasing volumes at a record high,  creating inventory for down the road, Autodata Corp. reported on Thursday that monthly CPO sales surpassed 200,000 units for the first time.

Analysts tallied up August’s total and found the figure came in at 200,332 CPO units, up 25.0 percent from August of last year and 9.6 percent higher than the prior month.

Autodata pointed out there were 28 selling days in August, which included a portion of Labor Day weekend. Last August, there were 27 selling days and 25 days to move CPO metal in July.

Analysts also mentioned August’s daily selling rate was 7,155 — the third highest ever — again a trend they said benefited from the inclusion of the Labor Day weekend in August sales.

The firm indicated August year-to-date sales came in at 1,429,713 units, up 16.4 from this juncture last year.

Besides the August performance, the future is bright for the CPO market stemming from how much new-vehicle leasing is being orchestrated. Auto Remarketing published a story highlighting the developments here.

Turning back to last month’s data, analysts noticed the year-over-year movement in CPO market share for domestic brands included a 1.4 percentage-point rise to 32.5 percent. European share declined 0.9 percentage points to 16.4 percent. Autodata pointed out that the share for Asian brands slid, too, dipping 0.5 percentage points to 51.2 percent.

Autodata highlighted Audi, Honda, Hyundai, Kia, Mazda, Mercedes-Benz, Mini, Nissan, Porsche, Subaru, Toyota sales each established all-time high for monthly CPO sales in August.

Editor’s Note: For a breakdown of how many certified models each automaker turned last month, keep watch for a report in a future edition of AR Today.

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