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Cox Automotive is forecasting a strong year for CPO at three million units, an increase year over year and above the record set in 2019.
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This year, Ford and Toyota pickup trucks were awarded top honors in their respective categories.
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Combined sales into large rental, commercial, and government buyers were down 30% year over year in February. Sales into rental were down 52% YOY.
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The unified brand brings together a more complete array of services for light, medium and heavy-duty trucks and trailers.
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Inventory has improved since last summer’s supply drought, but availability remains well below pre-COVID levels.
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CAR 2022: No topics are more pressing at this year's Conference of Automotive Remarketing than industry economic and vehicle sales trends coming out of a pandemic and the changes in the consignment and auction markets.
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With record numbers of lease-holders choosing to keep instead of return their leased vehicles, the pool of available CPO-eligible inventory is lower than usual.
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Fox joins the Cox Automotive Europe operation after 17 years with GEFCO.
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Combined sales into large rental, commercial, and government buyers were down 36% year over year in January.
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Analysis: The turning point in EV adoption will come as we move beyond early adopters and begin to see mainstream America choose EVs. The full-size pickup segment is where this might well happen.
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