Though still down year-over-year, CPO car sales hit 4-month high

It appears the certified pre-owned vehicle market may have turned a corner last month.

Snapping a six-month decline, February CPO sales of 191,860 units beat January figures by 15.3% and marked the highest monthly sum since October, according to a Data Point report from Cox Automotive.

The Cox data, citing Motor Intelligence, indicates last month’s CPO tally was still close to 8.5% softer year-over-year.

And it’s still softer than pre-pandemic CPO sales of 238,223 units in February 2020 and 211,514 CPO sales in February 2019, according to the Cox analysis.

However, the company …