(June 18, 2014) McLEAN, Va. — Certified pre-owned (CPO) sales should surpass 2013's all-time high of 2.1 million vehicles this year, says the National Automobile Dealers Association (NADA) Used Car Guide in the May edition of NADA Perspective, a monthly industry trends report.
After growing rapidly at the beginning of the 2000s, CPO sales experienced incremental gains in the years that followed. Hindered by higher costs and limited awareness, CPO sales increased by a marginal 200,000 units from 2003 to 2011, and deliveries consistently fell between 1.5 and 1.7 million units over the period.