Used retail-vehicle sales increased in January and were up from a year ago. Wholesale vehicle values also increased in January.
Our same-store estimates on Dealertrack indicate that used retail vehicle sales increased 16% in January from December and were up 5% year-to-year. Certified pre-owned (CPO) sales declined 10% from the previous month but were up 22% compared to January 2022.
Wholesale used-vehicle prices increased by 2.5% in January compared to December. The Manheim Used Vehicle Value Index rose to 224.8, down 12.8% from a year ago. January’s increase was driven in part by the seasonal adjustment.