Over the last two weeks, Manheim Market Report (MMR) prices declined an aggregate of 1.9%, which was more than the normal decline of 1% for the time of year.
The downward trend continues, as June CPO sales were down 1% from May’s sales stats.
May’s CPO sales result is the lowest since February, also down over 22% from May 2021.
But they remain off last year's pace because limited new-vehicle inventory has slowed the gently used segment due to fewer trade-ins.
Ford and Toyota had the most models named as having the best certified pre-owned value among 37 segments by Vincentric, the vehicle valuation firm announced.
Auctions in the Pacific Northwest and across the northern tier of the U.S. have seen a healthy influx of Canadian units over the past two years as a result of a softening economy in western Canada and a weak Canadian dollar.
Certified pre-owned vehicle sales accounted for 22.7 percent of used sales by dealers, setting a record for a single quarter, according to a report by Edmund's.com. Overall, the sale of used vehicles came in strong in the second quarter of 2015 at approximately $9.6 million, growing at a 5.1 percent year-over-year.
Tesla Motors has launched an online marketplace offering previously owned Model S battery-electric vehicles, the company announced.
Ford and Toyota each took seven categories in Vincentric's 2014 Best CPO (certified pre-owned) Value awards announced today that covered 41 vehicle segments as well as three affordable brands.
When Jose Ortiz of Ypsilanti, Mich. bought his 2010 Toyota Matrix at Dunning Toyota in December 2013, he didn’t realize the historical implication of his purchase.
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