20-Percent Hike in CPO Sales; Market Remains on Track for Another Best-Ever Year
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WOODCLIFF LAKE, N.J. –
<p>Although October’s certified pre-owned selling rate continued a recent slowdown from the record pace seen earlier this year, CPO sales last month still beat year-ago levels by more than 20 percent and put the year-to-date sum at 1.76 million units, according to Autodata Corp.<br />
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Overall, there were 177,820 certified sales last month. This marked a 20.6-percent year-over-year improvement and a 13.1-percent hike from September.<br />
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Autodata indicated that October had 27 selling days, compared to 26 a year ago and 23 in September. The firm pointed out that September and October 2013 selling rates are down from the record pace in preceding months.<br />
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However, it’s still shaping up to be a banner year for CPO. Through 10 months, year-to-date sales are ahead 15.3 percent over the same period of 2012. <br />
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In fact, there have already been more certified vehicles sold in 2013 than in all of 2011 (yearly sales of 1.74 million), which was a best-ever year at the time.</p>
<p>In 2012, full-year certified sales broke that record and came in at 1.83 million units.<br />
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<p><em>Joe Overby can be reached at <a href="mailto:[email protected]">[email protected]</a>. Continue the conversation with </em>Auto Remarketing <em>on both <a href="http://www.linkedin.com/groups?gid=2115595&trk=myg_ugrp_ovr" target="_blank"><strong>LinkedIn</strong></a> and <a href="http://twitter.com/Autoremkting" target="_blank"><strong>Twitter</strong></a>.</em></p>