Retail used-vehicle sales in April decreased month-over-month compared to March, according to the latest data from Cox Automotive’s vAuto Live Market View.
Retail used-vehicle sales totaled 1.57 million units in April, a 3.6% month-over-month decrease from March. However, sales are up 11.6% year-over-year. Days’ supply of used vehicles increased to 43, up from 41 at the beginning of April.
The average listing price of a used vehicle increased for the second consecutive month, landing at $25,547, an increase of 25 basis points (BPs) from April. However, the average listing prices remained relatively flat compared to a year ago.
Scott Vanner, manager of Economic and Industry Insights at Cox Automotive, highlighted that the data reveals that the “spring bounce” and the pull-ahead effects due to the announcement of auto tariffs are beginning to fade, influencing the monthly decline. However, although sales dipped in April, they remain significantly stronger than in previous years.
In April, certified pre-owned (CPO) sales reached 232,267, a 5.9% month-over-month decrease. However, despite the decline, sales remained relatively strong and were up 11% year-over-year. Year-to-date, CPO sales are up 4% in comparison to last year.
