CPO sales down 3% in July, still up for year

CARY, N.C. - 

Certified pre-owned vehicle sales fell more than 3 percent in July, but year-to-date numbers still remain slightly ahead of the 2016 pace.

That’s according to numbers released Tuesday by Autodata Corp.

There were 227,045 CPO sales for the month, which was off 3.2 percent year-over-year but up 2.3 percent from June.

Through seven months, there have been 1.57 million certified vehicles sold, which beats year-ago figures by 0.6 percent, Autodata said.

The daily sales rate in July was 9,082, up from 9,019 in July 2016. Year-to-date, the DSR of 8,862 is also up from year-ago numbers (8,762).

The Big 3 sold 78,782 certified units in July, beating last year’s numbers by 1.9 percent. In seven months, domestics have sold 541,719 CPO units, which is down 1.6 percent year-over-year.

CPO sales for Asian brands were down 7.8 percent in July at 109,827 units sold, with year-to-date sales up 0.9 percent at 763,053 sales.

European brands moved 38,436 certified cars for the month (up 0.8 percent) and 263,874 units year-to-date (up 4.4 percent). 

Today's top headlines