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Dealer strategy shifts are bearing fruit, finds Cox Automotive's most recent report.
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Up both month-over-month and year-over-year in surprise turn.
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Early figures show about 10% drop, but there was a late-year surge.
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Certified pre-owned sales fell over 11% year-over-year in September and are off 5% since August, finds a Cox Automotive analysis of Motor Intelligence data.
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The report, based on Cox’s analysis of Motor Intelligence data, reported 211,609 CPO sales in August.
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The industry saw 14.3% month over month growth, but CPO sales still fell 23.3% short of 2021 sales for the same month.
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Autotrader announced the 2020 Best Non-Luxury and Luxury Certified Pre-Owned Programs for 2020. Since today’s car shoppers are focused on value and affordability, CPO is a perfect option for a cheaper vehicle that has a manufacturer-backed warranty.
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SANTA MONICA, Calif. — Sales of certified pre-owned vehicles hit an all-time high of 2.3 million units sold in 2014, making up 20.8% of total used-car sales at franchised dealerships, according to the latest Used Vehicle Market Report from Edmunds.com. Edmunds said it expects this trend to continue through 2015, with lease vehicles expected to ... Read More »
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