Retail

Who sold more used than new vehicles in 2022?

April 23, 2023 04:00 AM
Dealership group 2022 new-retail sales 2022 used-retail sales Used-to-new
ratio
1: Garber Management Group 12,052 33,805 2.8
2: Cooper Auto Group 6,458 14,852 2.3
3: Russ Darrow Group 5,673 11,139 1.96
4: Kunes Auto Group 9,233 17,875 1.94
5: Shottenkirk Automotive Group 14,429 26,107 1.81
6: Performance Automotive Network 18,908 33,987 1.8
7: Sonic Automotive* 101,168 172,619 1.71
8: Rohrman Automotive Group 13,938 22,381 1.61
9: Ron Marhofer Auto Family 5,342 8,342 1.56
10: Blaise Alexander Family Dealerships 7,941 11,739 1.48
*Publicly held
Source: Automotive News Research & Data Center

Franchised dealers have long aimed to sell at least one used vehicle for every new vehicle sold, making a 1:1 ratio of used sales versus new the industry gold standard. There was no shortage of franchised retailers accomplishing that target in 2022 with 53 companies on the top 100 list achieving a 1:1 ratio or better. Dealers have seen that ratio improve the last few years as the pandemic and a limited supply of microchips resulted in new-vehicle shortages — constraining new-vehicle sales and putting more pressure on retailers to improve their used-vehicle sales. In 2022, the average dealership group on the list sold 1.09 used vehicles for every new vehicle sold. That was down from 1.52 for 2021, but the ratio for the list that year was skewed sharply higher by the sales of used giants CarMax, Carvana, Vroom and Shift Technologies, which aren't on the 2022 list.

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