U.S. retail used-vehicle sales rose +2.3% MoM and +1.9% YoY in November 2025 to 1.39 million units, reflecting steady demand amid rising inventory.

• A total of 1.39 million used vehicles were sold at retail in November, up +2.3% MoM and +1.9% YoY, indicating continued sales momentum across franchised and independent dealers.

• Days’ supply of used vehicles stood at 50, unchanged from October but up 2 days YoY, pointing to looser availability than a year ago as inventory builds.

• Used-vehicle inventory reached a new high for 2025 heading into December, alongside steady sales volumes, suggesting supply growth is outpacing turnover.

• Cox Automotive noted that easing prices and improving credit conditions are supporting demand, helping absorb higher inventory levels.

• Certified pre-owned (CPO) sales totaled 205,825 units, down -1.5% MoM and -1.8% YoY, marking a modest pullback from October levels.

• Despite the decline, CPO sales outperformed the new-vehicle market, where sales were down -4.3% YoY in November.

• Year-to-date CPO sales remain +2.3% higher than the same period last year, indicating continued strength over a longer horizon despite monthly softness.