UPDATED to correct October monthly industry/domestic/Asian/European sales figures
Certified pre-owned vehicle sales fell on a year-over-year basis for the second straight month, but are still up 3 percent year-to-date, according to Autodata Corp.
With 2.21 million CPO vehicles sold through 10 months of 2016, full-year sales can still beat last year’s 2.55 million sales and mark the sixth straight year of record results. At this point last year, there had been 2.14 million certified sales.
There were 206,846 certified sales in October, down 3.2 percent from the same month a year ago, according to Autodata.
The daily selling rate was somewhat of a Catch-22, with an average of 7,956 certified cars sold per day. This was 4.3 percent stronger than the DSR from October 2015, but the lowest rate of 2016, Autodata said.
Domestic automakers sold 65,804 certified vehicles in October, down 14.1 percent year-over-year. Through 10 months, they have sold 759,660 CPO units for a 2.9-percent decrease.
The Asian brands moved 105,148 CPO vehicles in October (up 3.3 percent) and have sold 1.08 million this year, which beats year-ago figures by 9.4 percent.
European automakers increased their CPO sales 2 percent in October, moving 35,894 units. Through October, they have sold 364,549 certified vehicles (down 1.6 percent).