February brings CPO records, growth for luxury automakers
February brought with it certified pre-owned sales growth and a few records for some of Canada's luxury automakers.
First off, the Mercedes-Benz Pre-Owned division, which includes CPO sales, posted record-breaking gains of 14.2 percent, delivering 1,045 used vehicles. CPO sales, in particular, also reached an all-time high of 817 units sold for 78.2 percent of total used sales volume in February.
Audi Canada notched its best February for CPO sales last month, which brought the automaker to a year-to-date record, as well. Audi Canada sold 426 CPO units in February, which was up 10.4 percent from the 386 sold during the same month of 2015. Year-to-date, the automaker has sold 871 certified vehicles, up 11.1 percent over the same period last year.
Jaguar sold 23 CPO vehicles last month, up from 21 in February 2015. And so far this year, 53 CPO Jaguars have been delivered, up from 42 during the same period of 2015.
Land Rover sold 111 CPO vehicles in February, up from 86 during the month in 2015. So far this year, Land Rover has sold 208 certified vehicles, up from 153 sold in 2015.
Toyota Canada sold 1,403 CPO vehicles in February, up from 1,348 sold during the same month last year. Year-to-date, the company has sold 2,775 certified vehicles, up from 2,690 sold during the first two months of 2015.
Subaru Canada sold 119 CPO vehicles last month, up significantly from the 2015 performance of just 47 sales. So far this year, the automaker has sold 267 certified vehicles year-to-date, versus 69 sold during the same period last year.
Volkswagen Canada saw sales dip last month by 10.8 percent, selling 1,033 CPO vehicles, down from 1,158 sold during February 2015. So far this year, the company has retailed 2,088 CPO vehicles, down 10.5 percent from the 2,334 sold during the same period of 2015.
Volvo Canada’s CPO sales for February were flat year-over-year with 108 vehicles sold. Year-to-date, the company is 2 percent below 2015 with 235 Volvos sold as certified units.