The number of used vehicles sold in the U.S. in 2021 hit an all-time record, according to Cox Automotive, bolstered by a robust spring selling season that analysts say may not be easily repeated.
Cox Automotive estimated that overall used-vehicle sales for 2021 were 40.9 million, an increase of about 10 percent compared with 2020. Of those, an estimated 22.2 million were retail sales — vehicles sold to consumers by dealerships and other retailers such as Carvana. That also was an all-time record, Cox said, and reflected an increase of nearly 13 percent year over year.
But the records will