Automakers reporting CPO sales spikes to start Q4
CPO sales in Canada are off to a quick start in Q4, with three automakers notching October records and all brands reporting sales increases for their respective certified programs.
First up, Subaru Canada has notched another record month for CPO sales, Tom Opratko, manager, business management at certified pre-owned for the automaker, told Auto Remarketing Canada. The OEM sold 170 CPO vehicles in October; quite a boost from the 29 sold during the same month of 2014. So far this year, the automaker has sold 1,123 certified vehicles compared to 275 sold through October of 2014.
Audi Canada experienced a very strong month for CPO sales with 650 units retailed, which is up 21 percent over the 538 sold in October 2014. This represents the best October ever for certified sales for the company, and the second best month in the program’s history. Year-to-date, Audi Canada has sold 5,547 CPO vehicles, up 16 percent from the 4,784 certified units sold during the same period last year.
Volkswagen Canada also scored a record month for CPO in October. The automaker delivered 1,663 CPO vehicles last month, representing a 12.7-percent year-over-year increase. October’s success pushed year-to-date growth to 4.4 percent. VW Canada sold 15,174 certified vehicles through October, up from 14,531 during the same period of 2014.
Porsche Canada sold 153 Porsche Approved CPO vehicles last month, which translated to a significant 61-percent increase from last October’s 95 sales. Year-to-date, the CPO program has sold 1,295 CPO vehicles, up from 957 sold through October of last year.
BMW Canada also reported a strong month for used sales. The pre-owned division sold 1,452 vehicles in October (which includes CPO sales) marking a 13-percent increase year-over-year. Year-to-date, CPO sales, specifically, have spiked by 5 percent.
Volvo Canada numbers were up, as well, in October. The automaker sold 159 certified units, up 34.7 percent from the 129 sold in October 2014. Through October, the company has sold 1,376 certified vehicles, up 26.5 percent over the 1,088 sold during the same period of 2014.
Jaguar Land Rover Canada had an impressive month for CPO. Jaguar CPO sales were up to 31 this past month, an increase from October 2014’s 24 sales. Year-to-date, the brand has sold 295 CPO vehicles.
Land Rover Canada sold 113 CPO units in October, up from 70 during the same month of 2014. Through October, the automaker has delivered 998 certified vehicles.
The Mercedez-Benz Pre-Owned division sold 1,389 vehicles in October, a number which includes both CPO and late-model used sales. Year-to-date, the division of the brand has sold 13,270 units, which is an increase of 9 percent year-over-year. CPO sales, specifically, grew by 9 percent for the month and 12.9 percent for the years, and accounted for 81.4 percent of total pre-owned sales.
Toyota Canada saw CPO sales grow considerably year-over-year last month. The automaker sold 1,606 certified units in October, up from 1,483 sold during the month last year. Year-to-date, the company has sold 16,753 CPO vehicles, up from 14,287 sold through October of 2014.
Mazda Canada sold 466 CPO units last month, after selling 461 CPO vehicles in September.