20/10/2021

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Certified pre-owned car sales rebound amid new-vehicle shortage

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The industry’s top automakers for CPO gross sales were being off to a reliable yr...

The industry’s top automakers for CPO gross sales were being off to a reliable yr by way of August. Toyota Motor North America’s qualified gross sales jumped 21 % to 343,470 automobiles in the initially 8 months of 2021. General Motors’ CPO gross sales increased 11 % to 248,301. American Honda was up 15 % to 222,598. Stellantis rose 4.five % to 208,435. Ford Motor Co. also increased five.1 %, to 151,193.

For Toyota, qualified automobiles have turned at a quicker charge this yr than just before the pandemic, mentioned Ron Cooney, Toyota’s CPO gross sales functions manager.

Toyota’s qualified stock is turning at a charge of 15.five situations a yr, for about a 20-working day provide, Cooney mentioned. A regular transform charge just before the pandemic and chip scarcity, when gross sales were being strong, was a 60-working day provide.

“At any provided moment today, my ground inventory stock is essentially down slightly from very last yr, the stop of very last yr, but my transform charge is up seriously, seriously higher,” he mentioned.

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