US Auto Market Insights - September 2021@weight>
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Our September 2021 report on the US Market focuses on the importance of CPO in the current market as vehicle sales continue to rise.
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CPO: Why CPO Matters – September 2021
Inventory shortages have plagued every level of the industry. Due to ongoing semiconductor and microchip production shortfalls, vehicles are getting harder and harder to come by. Certified pre-owned (CPO) vehicles are selling at a premium with sales reaching 1,218,255 units (Fig. 1) in CYTD 2021 through July, reflecting a 11% YTD YOY increase. The CPO market has experienced consistent growth over the last three years, with 2020 being the outlier due to Covid. The new-vehicle affordability cost is being felt by many customers, which is contributing to the growing appeal of the CPO market.
The September 2021 Automotive Advisory Insights from S&P Global focuses on the importance of CPO in the current market as vehicle sales continue to rise. Additional coverage includes CPO RTM volume, CPO cost and more.
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