5 Automakers Score Best CPO Months on Record
This past month was an impressive one for certified pre-owned, with five Canadian automakers experiencing their best CPO months on record.
Subaru Canada was on the list of automakers notching an all-time high.
“May was an all-time record month for Subaru as we did 100 CPO units in May,” said Tom Opratko, manager of business management and CPO at Subaru Canada. “This is the first time in the history of the program that we’ve hit triple digits.”
The 100 certified vehicles sold last month was a jump up from 45 units sold during May of last year. Year-to-date, the automaker has sold 341 CPO vehicles, up from 126 sold during the same period of 2014.
Porsche Cars Canada also sold the most CPO vehicles it has ever sold in one month. For May, the luxury automaker delivered 141 CPO vehicles.
Volkswagen Canada also set an all-time monthly record this past month for its CPO program, experiencing not only the best May on record, but the best month for certified sales in company history.
VW Canada sold 1,933 CPO vehicles in May, up from 1,689 sold during the same month last year.
Year-to-date sales are down, but just slightly after the record-breaking month.
VW Canada has sold 7,314 CPO vehicles so far this year, down 1.1 percent from the 7,396 sold during the same period of 2014.
Audi Canada also has its best month ever in the CPO market. The automaker sold 757 certified vehicles in May, up 16.3 percent from last year’s 565. So far this year, Audi Canada has sold 2,503 CPO rides, up 11 percent versus the same period last year.
Kia Canada was also breaking records in May, hitting its biggest CPO sales month on record with 340 certified sales. This is up from 268 sold during May 2014. Year-to-date, the automaker has sold 1,481 CPO vehicles, up from 941 sold during the same period last year.
“Congratulations to all KCI dealers, sales/service field staff for their continued success and support,” said Richard Pasta, manager of national fleet sales, remarketing and CPO at Kia Canada.
BMW Canada sales were up in May, as well. The automaker sold 807 CPO vehicles last month, up from 770 sold during May 2014.
“The strong demand for Certified Pre-Owned BMWs that we saw last month continues into May,” said Bart Drozdziewicz, pre-owned and corporate fleet sales manager at BMW Canada.
Year-to-date, the company has sold 3,360 CPO vehicles, up from 3,109 sold during the same time period of last year.
Jaguar Land Rover Canada’s growth momentum continued last month.
The Jaguar brand sold 31 CPO vehicles in May, up from 11 sold during the same month last year. And Land Rover delivered 93 certified vehicles, up from 29 sold during May 2014.
“Customers continue to gravitate to Range Rover Sport & Range Rover Evoque in great numbers while on the Jaguar side, we've really seen the sports car side of the business grow given the time of year,” said Farouk Giga, national manager of pre-owned at Jaguar Land Rover Canada. “With some exciting F-Type convertibles and the timeless XK models going to new homes in May, customers will be sure to to put them to good use now that the sun is shining across the country!”
Year-to-date, Jaguar has sold 133 certified vehicles, up from 14 sold during the same period of last year.
Land Rover has sold 433 CPO vehicles through May. Last year, Land Rover had sold 41 certified vehicles by this time, though the CPO program wasn’t launched until April 1, 2014.
Over at Mercedez-Benz Canada, the automaker had its best May ever for overall used sales, delivering a total of 1,517 pre-owned units.
This pushed overall growth to 12.6 percent with 6,358 pre-owned units delivered year-to-date.
CPO sales represent a large chunk of that number. CPO sales grew by 13.1 percent in May and 19.5 percent year-to-date, making up 85 percent of the total volume of used sales.
Volvo Canada reported 141 CPO units sold in May 2015, compared to 131 in May 2014 representing an increase of 7.6 percent.
Year-to-date, Volvo Canada has sold 647 CPO vehicles, compared to 540 during the same time period last year, for an increase of 19.8 percent.
Toyota Canada performed very well in May for its certified business. The automaker sold 1,981 CPO vehicles, up from 1,868 sold during May 2014. Year-to-date, Toyota Canada has sold 8,478 CPO vehicles, up from 7,816 sold during the same period last year.
Both Honda Canada and Acura CPO sales were down slightly this past month. Honda Canada sold 1,526 CPO vehicles in May, down from 1,662 sold during the same month last year.
The Acura brand sold 302, down from 349 sold in May 2014.