Related News: Pre-Owned Vehicle Sales Move Along Peak Levels
CPO Sales Show Ongoing Recovery in Used Vehicle Market
With two months left in 2021, reaching the revised Cox Automotive CPO sales forecast of 2.7 million units – and possibly matching the 2.8 million record-setting 2019 level – remains within reach.
November 16, 2021
Certified Pre-Owned Sales, October 2021
Chart: Cox Automotive Analysis of Motor Intelligence
1 min to read
Certified pre-owned (CPO) sales reached 216,957 units in October, reflecting a 5% month-over-month decrease and a 7% year-over-year decrease. Despite a slowing sales pace, CPO continues its strong performance in October as an important part of the used-vehicle market recovery.
With 2,380,337 units sold through October, year-to-date CPO sales are up 9% compared to the same period last year and up 2% compared to 2019, and down 6% compared to October 2019.
With two months left in 2021, reaching the revised Cox Automotive CPO sales forecast of 2.70 million units – and possibly matching the 2.80 million record-setting 2019 level – remains within reach.
According to Cox Automotive estimates, total used-vehicle sales were down 10% year over year in October. October used seasonally adjusted annual rate (SAAR) is estimated to be 35.9 million, down from 39.9 million last October and flat compared to September’s 35.9 million SAAR. The October used retail SAAR estimate is 19.6 million, down from 21.1 million last year and flat month over month.
Originally posted on Vehicle Remarketing
More Remarketing
Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
Read More →
Wholesale Used Vehicle Market Sustains Moderate Rise In Values, Prices
Trends continue to normalize after a strong start to the year, as consumers contend with higher gas prices in the coming summer months.
Read More →
Commercial Fleet Sales Still Lead Sectors Despite May Mini Dip
The U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
Read More →
How Connected Vehicle Data Is Lifting Fleet Resale Values
A vehicle health score could improve the value of fleet vehicles at remarketing. The path to a universal standard is forming, and fleets that understand the process early will be better positioned when it arrives.
Read More →
Wholesale Used Vehicle Prices Slightly Up In April
The Iranian conflict and rising gas prices inject much uncertainty into the future wholesale used vehicle markets, as higher gas prices soak up spendable income from vehicle buyers.
Read More →
CAR2026: James McKinley Wins Value Champion of the Year
James McKinley of City Rent a Truck was named the inaugural Fleet Value Champion at the CAR Conference for his data-driven approach to fleet lifecycle management and vehicle remarketing.
Read More →
CAR2026: Eric Autenrieth Wins Remarketer of the Year
Eric Autenrieth was recognized at this year's CAR Conference as the Remarketer of the Year.
Read More →
CAR2026: Lawrence Knapp Wins Consignor of the Year
Lawrence Knapp won the Cosigner of the Year award at this year's CAR Conference.
Read More →
2026 CAR Awards Celebrate Industry Excellence
CAR’s annual Fleet Remarketing Awards opened a reimagined 2026 conference designed to bridge the worlds of fleet management and automotive remarketing.
Read More →
Inside the CAR2026 Awards: Leaders, Legacy & What’s Next
Here's a look inside the awards ceremony at the CAR Conference, where industry leaders reflected on the growth, impact, and future of automotive remarketing.
Read More →