Cox Automotive Used Vehicle Retail Sales

Data Transportation

Source: Cox Automotive
Source Link: https://www.coxautoinc.com/
Frequency: Monthly

Latest Updates

U.S. retail used-vehicle sales rose +4.9% MoM and +8.1% YoY in August 2025 to an estimated 1.55 million units, reflecting resilient consumer demand despite tighter supply.
- Days’ supply stood at 43, down 1 day from early August and 2 days lower than a year ago, indicating leaner inventory conditions.
- Certified pre-owned (CPO) sales increased +7% MoM to 238,659 units and were up +0.9% YoY, showing continued strength despite supply constraints.
- Year-to-date, CPO sales are running +2.6% above the same period in 2024, underscoring sustained buyer interest in certified vehicles.
- Cox Automotive highlighted that both MoM and YoY gains point to solid market momentum, even as dealers manage limited stock availability.
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Retail used-vehicle sales rose 8.9% MoM and 7.0% YoY in July 2025 to an estimated 1.52 million units, reflecting strong demand amid affordability pressures in the new-car market.
- Days’ supply declined to 43, down 4 days from early July and 2 days below the level a year earlier, indicating tighter inventory conditions.
- CPO sales increased 11.0% MoM to 222,991 units and were up 5.4% YoY, defying ongoing supply constraints.
- Year-to-date, CPO sales are running about 3% above the same period in 2024, suggesting sustained interest in certified vehicles.
- Cox Automotive noted that improving credit access and lower rates provided additional support to used-vehicle demand in July.
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Used-vehicle retail sales totaled 1.46 million in June, down -1.5% MoM but up 2.4% YoY, according to Cox Automotive’s vAuto Live Market View.
- Days’ supply of used vehicles held steady at 45, flat MoM but 2 days lower YoY.
- Certified pre-owned (CPO) sales dropped -13.1% MoM to 200,950 and were down -3.7% YoY.
- Fewer selling days and the absence of a holiday weekend contributed to the CPO sales decline.
- Year-to-date, CPO sales remain 2% above the same period last year.
- Cox noted the slowdown was seasonal and expected, with affordability concerns continuing to support used-vehicle demand.
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A total of 1.53 million used vehicles were sold at retail in May, flat MoM and up 4% YoY.
- Days’ supply of used vehicles was 43, down 1 day from early May and 2 days lower YoY.
- Certified pre-owned (CPO) sales dipped -0.5% MoM to 231,137 but were up 2.4% YoY.
- Year-to-date, CPO sales are running 3.5% higher than the same period last year.
- Cox Automotive noted the market remains stable with steady sales and modest price declines, supported by strong mainstream brand performance.
- Upcoming data may show sharp YoY changes due to base effects from last year’s cyberattack.
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A total of 1.57 million used vehicles were sold at retail – from both franchised and independent dealers – during April, down -3.6% MoM and up 11.6% YoY.
- Days’ supply of used vehicles in the most recent report was 43, two days higher than the upwardly revised level at the beginning of April.
- Certified pre-owned (CPO) sales decreased 5.9% month over month in April, according to data reviewed by Cox Automotive. CPO sales in April were up 11% year over year.
- Even with the month-over-month decrease, CPO sales were strong. April’s CPO sales are estimated at 232,267, down from the robust 246,803 in March. Year-to-date, CPO sales are running nearly 4% higher than the same period last year.
- Cox: “As the effects of the ‘spring bounce’ and initial pull ahead from tariffs diminished, sales saw a decrease in April. However, sales remain significantly higher than in recent years and are 12% higher compared to the previous year.”
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A total of 1.66 million used vehicles were sold at retail – from both franchised and independent dealers – during March, up 9.4% MoM and 12.2% YoY.
- Days’ supply of used vehicles in the most recent report was 39, four days lower than the upwardly revised level at the beginning of March.
- Certified pre-owned (CPO) sales jumped 21.2% MoM and 6.4% YoY in March.
- The increase is likely due to stronger new-vehicle sales in March, which helps lift trade-in supply. March’s CPO sales are estimated at 246,803, up from 231,927 in February.
- Cox Automotive: “March is historically the strongest month of the year for used-vehicle retail sales. This year, the combination of tax refunds and tariff talks pushed March sales to the highest level since 2021, with a significant double-digit increase over last year.”
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A total of 1.57 million used vehicles were sold at retail during February, up 16% MoM and 6% YoY.
- Days’ supply of used vehicles at the beginning of March was 42, down eight days from the beginning of February and down three days compared to last year.
- February’s CPO sales are estimated at 203,663, up from 203,071 in January, marking a 0.3% MoM increase.
- Volume rose just below 600 units last month but fell over 7,000 units from last year. CPO sales in February were down -3.4% YoY.
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US used vehicle retail sales volumes were up 8% YoY in January to 1.41 million.
- Certified pre-owned sales were only up 0.7% YoY after falling -6.4% MoM from December.
- Cox Automotive is forecasting retail used-vehicle sales in 2025 to reach 20.1 million, an increase of approximately 1.2% compared to 2024.
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Used vehicle retail sales were 1.2 million in December, up 12% YoY. Days supply ticked up 1 to 48.
- Cox Automotive Analyst: “December usually sees a drop in used-vehicle retail sales, but this year they showed a stronger seasonal trend and were significantly higher than last year...”
- 2025 forecast: "Cox Automotive is forecasting retail used-vehicle sales in 2025 to reach 20.1 million, an increase of approximately 1.2% compared to 2024. Sales growth is expected to remain muted, as retail and wholesale supply will continue to be constrained in the coming year due to lower production during the pandemic and fewer lease maturities returning to the market."
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Used Vehicle Retail Sales: November 2024 2024-12-20 10:00