With the 2019 calendar year now wrapped up and behind us, we’re taking a look back at General Motors’ sales performance and statistics, including sales figures for GM Certified Pre-Owned (CPO) vehicles. The latest reports indicate that GM CPO vehicle sales dipped 7.5 percent in 2019 compared to 2018.
Total GM CPO vehicle sales for 2019 come to 367,374 units, as compared to the 396,956 GM CPO vehicle sales for the 2018 calendar year. The final month of the 2019 calendar year saw GM CPO sales drop nearly four percent compared to December of 2018.
For easy comparison, we’ve listed the CPO vehicle sales figures for all GM brands in the following table, including figures for all 12 months of 2019, all 12 months of 2018, December of 2019, and December of 2018, as well as the respective differences.
|Brand||December 2019||December 2018||2019 vs. 2018 Difference||2019 Total CPO Sales||2018 Total CPO Sales||2019 vs. 2018 Difference|
Looking over the figures, we find that GM CPO vehicle sales in 2019 were down across the board for all brands when compared to figures from the preceding year. However, some brands saw modest CPO vehicle sales increases for the month of December, including Buick, Cadillac, and GMC.
The lower GM CPO vehicle sales figures for 2019 can be attributed to a number of factors, including enhanced incentives on new vehicles that could potentially make them more attractive than a certified pre-owned vehicle.
GM offered significant discounts on new vehicles last year. As we covered previously, these include $9,000 off new Chevrolet Corvette C7 models to help make way for the next-generation Chevrolet Corvette C8, and $9,000 off new Chevrolet Suburban models to make way for the next-generation 2021 Chevrolet Suburban. In May of 2019, GM also offered a substantial $12,000 discount off the 2018 Chevrolet Silverado.