CPO sales increase in May

Certified pre-owned sales increased in May.

A Cox Automotive report shows CPO sales jumped by 7.9 percent in May from April, representing an additional almost 16,000 units sold. May’s estimated CPO sales were 225,704.

The May CPO sales were up 2.8 percent from May 2023 – 6,000 units.

For the year, CPO sales are up 0.7 percent.

NIADA Certified 360 offers an easy-to-implement program that provides coverage for nearly every vehicle, offering multiple options to cover vehicles up to 150k miles.

NIADA has worked with trusted administrators AUL, GWC Warranty, ProGuard and Southwest Dealer Services to develop the program, which has three warranty options:

•  3 months or 3,000 miles for $199

•  6 months or 6,000 miles for $299

•  12 months or 12,000 miles for $399

A potential value to dealers of Certified 360 is the added benefits on top of the warranty, the Carketa inspection, auto parts discounts from Technet and the ability to get cars transported between states and help with paperwork by Acertus. 

For information about the NIADA 360 Program and to connect with an administrator, visit niada.com/certified-360.

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