According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in May increased from April and were up by 15.9% month over month. A total of 1.62 million used vehicles were sold at retail – from both franchised and independent dealers – during May, up 15.8% year over year.
Days’ supply at the start of May was 48, up from a revised 45 days at the beginning of April. Thanks in part to a pick-up in sales, used-vehicle inventory at the start of June had dropped back to 45 days’ supply. Both overall retail used-vehicle sales and sales of certified pre-owned (CPO) vehicles increased month over month in May, according to data reviewed by Cox Automotive.
