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The profit index sets another record high, while the price pressure index increased modestly.
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CPO sales are up 12% versus the same time in 2020 and are marginally above the same period in 2019 when a record-high 1,900,589 units were sold.
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The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
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High prices and relatively tight inventory keep more buyers at bay.
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The mid-month Manheim Used Vehicle Value Index is still up 18% year over year.
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The digital platform enables consumers to transact 100% online.
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Chip shortages and surging demand are squeezing used vehicle sales while inflating prices.
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The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
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Demand has been healthy, inventories tight, and dealers have felt little pressure to lower prices.
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On a year-over-year basis, all major market segments saw seasonally adjusted price increases in April.
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