Used Vehicle Sales Decline 1.5 Percent in June: Cox Automotive

Demand continues to remain robust as people seek affordable driving options, an industry insights manager said.

Used cars at a dealership in Chicago on July 11, 2023. Scott Olson/Getty Images

Retail sales of used vehicles declined in June from the previous month amid an increase in wholesale prices, auto industry service company Cox Automotive said in a July 11 statement.

In total, 1.46 million units were sold last month, from both independent and franchise dealers, down 1.5 percent from May but up 2.4 percent from a year ago.