Certified pre-owned (CPO) sales in May rose 5.4%, over 11,000 units, from last May to finish at 219,633. This total is up nearly 5,000 units, a 2.3% increase from April’s number.
CPO sales year to date remain up 6.0%, or 61,000 units, compared to the first five months of 2022, which was a rough year for the CPO market.
Among large manufacturers, Toyota had the largest CPO sales volume gain in May. Meanwhile, Hyundai has the largest year-over-year percentage gain in CPO sales, while Chevrolet had the largest percentage decline.
