Autodata Corp. determined the industry in March turned the second-highest amount of certified pre-owned vehicles ever.
According to information shared with Auto Remarketing, dealers retailed 243,277 CPO units in March, off by just 0.3 percent year over year when the all-time sales record was established. That’s when the industry delivered 243,944 certified models.
The March figure also soared past the CPO sales total recorded during the previous month by 15 percent.
For the quarter, AutoData indicated the CPO sales figure came in at 647,373 units, edging 0.1 percent higher compared to the first quarter of last year. The amount also was 0.8 percent higher than the fourth quarter of 2016.
Analysts pointed out that there were 27 selling days in March of this year and last year as compared to just 24 in February of this year. The March sales figure computed into a daily selling rate was 9,010, according to Autodata.
Editor’s note: Watch for upcoming reports from Auto Remarketing highlighting the new, recording-setting CPO sales figures certain automakers as well as industry reaction to how the certified market is behaving.