CPO Sales Post Best-Ever March, Best-Ever Quarter
Forget basketball. This year’s March madness was all about used-car sales, and the certified pre-owned segment was not to be outdone by used-vehicle sales, which, as we reported last week, topped three million units for the first time since 2002.
CPO sales volume had its best-ever month in March, moving 190,065 units to close out the market’s best-ever quarter. Last month saw a 9% year-over-year gain from March 2012, which had been the previous record high — and the first time CPO sales surpassed 190,000 vehicles, according to Autodata. Total CPO sales for the quarter were 497,647 units, a 9.4% increase from 1Q12.
Additionally, Autodata discovered that many brands also posted record-breaking CPO sales:
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