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Cox Automotive is forecasting retail used vehicle sales in 2025 to reach 20.1 million, an increase of about 1.2% compared to 2024.
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Ford’s F-Series trucks and Transit vans take center stage in the 2025 Vincentric CPO Awards, securing top accolades for their exceptional value and low ownership costs.
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The 1.66 million used vehicles sold at retail are up 11% year over year compared to March 2023 and the highest volume since March 2022.
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Finding the right product at the right price is more challenging for used vehicle buyers today, amid higher interest rates and recession fears.
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Cox estimates that used retail sales increased 11% in August from July and that used retail sales were down 9% year over year.
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The used market this year is feeling the effects of high-inflation and elevated used-vehicle prices. Sales continue to be soft, but the market is not under stress
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The downward trend continues, as June CPO sales were down 1% from May’s sales stats.
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May’s CPO sales result is the lowest since February, also down over 22% from May 2021.
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The overall used-vehicle market is experiencing a weaker spring than expected
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But they remain off last year's pace because limited new-vehicle inventory has slowed the gently used segment due to fewer trade-ins.
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