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.”